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Vermilion Energy Inc T.VET

Alternate Symbol(s):  VET

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

Comment by RiverCartelon Feb 10, 2023 12:57pm
184 Views
Post# 35280032

RE:Disappointed dividend hounds

RE:Disappointed dividend houndsI think for the long term debt reduction is the smarter choice. Once this hit their debt target of 1B, they can increase their divy and buybacks further. In 2023/24 they have a significant number of additional wells coming online and production will ramp up significantly by end of 2024. A bit of patience on this one will pay off HUGE. You will continue to have people trade this, but if you loaded up at this price, you will be wishing you bught more come the end of this year.
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