from the village this AM .. Re: VET - OT - VET hits new 52 week high
Please forgive what I admit will sound like gloating, but 2 weeks ago (or so), I felt "$20 in 3-6 weeks" was a decent prediction. We appear to be well on track for this.
I stand by my prediction that "low to mid-$30s" is achievable by mid-2023 when, by td appicatoon of common sense we could be looking at a dividend of a least $1.50/sh. (yielding 8.1% as of current trading value). On $30, that would be 5%.
Historically (pre-Marino, ex-CEO), Vermilion operated a hybrid model of modest dividend (3.5-5%) coupled to modest production and reserve growth (also up to 5% p.a.). I'm expecting that very successful model to re-emerge as it also drove a premium valuation due to predictability and reliability uncharacteristic of a commodity producer.
Those who ignore history are doomed to watch it unfold with regrets (forgive the hijacking lol).
Regards,
Naamkat