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 > Share Buy Backs

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Comment by GregC24on Mar 04, 2022 11:53am

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Post# 34483499

RE:RE:RE:Share Buy Backs

We plan to reinstate a dividend in Q1 2022. Although it is still subject to board approval, our intention is to reinstate a fixed quarterly dividend (5-10% of FFO stress-tested at lower prices including US$55/bbl WTI) while continuing to focus on debt reduction. As further debt targets are achieved we will consider augmenting our return of capital through fixed dividend increases, share buybacks and/or special dividends. We will provide more details on our return of capital framework with our formal 2022 budget release in early December.

Quintessential1 wrote: Because they announced that they would be announcing a divy in their forward guidance and the market banks on them meeting their forward guidance or else the new forward guidance is meaningless.

What I am wondering is why anyone would think they would buyback shares when they ahve never mentioned that and they already have a ridiculously low share float.

Don't get me wrong I think they should announce an NCIB as it is a nice tool to have at your disposal and it do not necessarily have to use it but it would be there if the stock suffered an unforseen shock. It does not cost anything.

I still see at least $.06 CAD per quarter as per their guidance and debt repayment to at least 1.5x to trailing FFO agaim, as per guidance. If there is cash left over they can do what they want.

GLTA Longs

gribbs2 wrote:
why would the stock drop if they dont announce divvys? i dont think the market is banking on that right now.....