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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 > VET return of capital plan update
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Comment by Pandoraon Dec 04, 2023 12:39am
204 Views
Post# 35766466

RE:VET return of capital plan update

RE:VET return of capital plan update
mnztr wrote: Plan to increase return of capital once we achieve net debt target of $1 billion, expected Q1 2024

Cut and pasted directly from their new preso


From the November Update of their Corporate Presentation:

Seeing benefits of asset high-grade and debt reduction:

• FCF (1) forecast to increase >50% in 2024
• On track to achieve $1B debt target in Q1 2024
• Intend to increase shareholder returns in 2024
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