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.

TSX:VET - Post by User

Vermilion Energy Inc > Tax on Buybacks equals good news.

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Comment by stockmarket1on Nov 03, 2022 8:46pm

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Post# 35071672

RE:Tax on Buybacks equals good news.

That's a very good point. That didn't even cross my mind. I also hold Pembina which had great results but now they're going from a monthly dividend to now a quarterly. I'm on the fence with Pembina now. The monthly dividend + yield, was one of the main reason I got into that.

galaxyr wrote: This is good news. We should see alot of share appreciation as VET and other companies will accelerate buy backs before the tax is implemented in 2024.

The quantum of share buybacks in 2023, before this tax comes into place, could be mind blowing IMO. First time in history that a tax is actually good for share price performance??? an Eric Nuttall quote