Vermilion Energy Inc T.VET

Alternate Symbol(s): VET

Energy Oil & Gas Integrated

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 > Today's Financial Post article on VET: NOT GOOD

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Post by EnergyWatcher55on Jan 06, 2023 4:41pm

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Post# 35207928

Today's Financial Post article on VET: NOT GOOD

"The company said it was forecasting free cash flow of $800 million in 2023 — a far cry from the $1.8 billion estimate the company had touted previously based on an analyst survey in August."

"The company said the imposition of a windfall tax has meant it will be harder to meet its debt targets over the coming months."

https://financialpost.com/commodities/energy/oil-gas/vermilion-energy-dividend-hike-buyback

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