Vermilion Energy Inc T.VET

Alternate Symbol(s): VET

Energy Oil & Gas E&P

Vermilion Energy Inc. is a Canada-based international energy producer. The Company seeks to create value through the acquisition, exploration, development, and optimization of producing assets in North America, Europe, and Australia. Its business model emphasizes free cash flow generation and returning capital to investors when economically warranted, augmented by value-adding acquisitions. The Company’s operations are focused on the exploitation of light oil and liquids-rich natural gas conventional and unconventional resource plays in North America and the exploration and development of conventional natural gas and oil opportunities in Europe and Australia. The Company operates through seven geographical segments: Canada, the United States, France, Netherlands, Germany, Ireland, and Australia. In Canada, the Company is a key player in the highly productive Mannville condensate-rich gas play. It holds a 100% working interest in the Wandoo field, offshore Australia.

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Vermilion Energy Inc > Acquisitions?

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Comment by mnztron Jan 23, 2022 7:55pm

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Post# 34350630

RE:RE:RE:RE:Acquisitions?

There is really not much to do with corrib as vet is already the operator. Its just an accounting switch when the deal closes.

Moemoney42 wrote: Well fellas I have to respectfully disagree regarding the divi.. they have the ability to pay a nominal dividend and pay down debt.. focus on the last 2 buys and get some synergies with costs and work with what they have to optomize these 2 tuck ins.. then bump up the divi and patiently wait to see what might come onto the market that they can add in cheaply.. JMHO.. Good luck either way..!

delissio wrote: Great ideas, thank you Oldnagger. Top quality post as always. I am with you on giving up the dividends (and possibly increasing debts while the interests are still relatively low) for another lucrative acquisition. Cheers!

Oldnagger wrote: My first choice would be themselves, by buying back some of their highly undervalued shares. After that there will still be a pile of cash flow left over. My bet is that management is smarter than I am ,witness both Corrib and Wyoming ( which will now take advantage of both new pipeline egress and longer reach horizontal drilling ) Therefor I would forego a dividend in their favour, or If I got a dividend I would try to re-invest it before my wife and the tax man found out about it LOL !!
The above being said, there are abundant opportunities in Western Canada for new crude drilling as extra pipeline capacity becomes available with the TMPL, Line 3 Cap reversal etc. There are probably a few players left with undeveloped light oil properties but the main play will probably be SAGD. Perhaps they could JV with Ipco to develop Ipco's extensive properties at Blackrod. As you may know, they are currently JV'ed together in France for Brent crude and rumour has it that they both have been trying to sell off their properties !!