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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 > Nice to see a 25% dividend increase by VET.
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Comment by Pandoraon Mar 08, 2023 7:57pm
130 Views
Post# 35327178

RE:Nice to see a 25% dividend increase by VET.

RE:Nice to see a 25% dividend increase by VET.
Wasn't that announced back on January 6, 2023?

Vermilion Energy Inc. Announces 2023 Budget and Guidance, 25% Dividend Increase and Resumption of Share Buybacks

PR Newswire January 6, 2023

  • Forecast 2023 free cash flow ("FCF") of approximately $800 million based on forward commodity prices and including the impact of temporary windfall taxes and hedging losses
     
  • Expect to return up to 25% of FCF to shareholders in 2023 through base dividend and resumption of share buybacks, with the balance allocated to debt reduction
     
  • Quarterly cash dividend increased by 25% to $0.10 CDN per share, effective with the Q1 2023 dividend
     
  • Vermilion remains well positioned to generate strong FCF in the years ahead which will support our future development plans and return of capital strategy
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