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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
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Post by GregC24on Nov 02, 2023 11:58am
261 Views
Post# 35713744

Call Highlights

Call HighlightsIn the coming weeks will release 2024 budget and details regarding the return of capital to shareholder plan

2024 FCF forecast around $800m and 50% return to shareholder contrasting with $500m in 2023 and 30% return to shareholder.  Done through base dividend and buybacks.
(by my math is $150m in 2023 increasing to $400m in 2024)   
(could double the dividend to $130m and still have $270m for buybacks or 13-14m shares at $20.  $66m 2023YTD in buybacks.)

On plan to reach debt target in Q1 2024 as previoiusly guided
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Dealroom for high-potential pre-IPO opportunities