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 > Buyback taxes?

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Comment by Oldnaggeron Nov 18, 2022 3:18pm

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Post# 35111371

RE:RE:RE:RE:RE:RE:RE:Buyback taxes?

Moemoney42 wrote: OldN.. I appreciate your posts but there's a lot of "ifs" in your thesis.. firstly the divi isn't 10% but only 1%... secondly, there's no guarantee 10% of the shares would be bought back as evidenced by the halt.. so the shares they bought back at a higher price than now was not money well spent.. :-/
That carnage of 2019 & 2020 was pretty wide spread and many companies dropped the divi.. they can easily maintain a 4% divi even with the windfall tax (whatever that ends up being??)

Oldnagger wrote: The reason I used the term Carnage is that if we had a 10% dividend instead of a 10% buyback, then if that divy was cut, we would be back to late 2019 and 2020 when the dividend was first halved, then finally cut. That was Carnage !!

I thought I was being clear, if not let me restate. If VET had declared a 10 % dividend instead of a 10% buyback as they have done. Then rescinding the dividend would have been much more painful than rescinding the buyback IMHO