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 > reply from investor relations

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Comment by Quintessential1on Jan 11, 2023 7:53pm

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RE:reply from investor relations

200B gap?

"Based on our current guidance, we expect to reach net debt of $1.0B in 2023 and we have reiterated our commitment to increasing returns to shareholders as debt levels decrease."

This sounds to me like they plan in increasing shareholder returns not acquiring.

Why do you think that?

GLTA

mnztr wrote: I asked about the Q2 1.2b debt target resulting in higher return of capital. This is the reply:

The $1.2B debt target was our projected debt level at the end of 2022, but that was an operational target and was presented independent of the return of capital framework. Based on our current guidance, we expect to reach net debt of $1.0B in 2023 and we have reiterated our commitment to increasing returns to shareholders as debt levels decrease.

So they must be planning to acquire I would guess. That is the 200B gap.