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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

Post by Quintessential1on Nov 07, 2024 9:20am
218 Views
Post# 36300713

CIBC

CIBCFirst Look: Q3/24 Results Above Our Estimates And Consensus Vermilion reported Q3/24 results which were above our expectations and consensus. Variances to our estimates stemmed exclusively from lowerthan-expected cash taxes. Key takeaways from the quarter include reiterating the tie-in timing of H1/25 for the first German well which tested at 17 MMcf/d, discovery of a significant gas pool with the second German exploration well, and the tightening of the 2024 production guidance range to 84,000 to 85,000 Boe/d (modestly below our full-year estimate of 85,678 Boe/d and consensus of 84,839 Boe/d. Financial And Operating Takeaways: •

Q3/24 results. Production of 84,173 Boe/d was in line with our expectations of 85,305 Boe/d and consensus of 84,048 Boe/d (range 82,545 to 85,305 Boe/d). Adjusted FFO per share of $1.75 was ~7% above our estimate of $1.63 and ~9% above consensus of $1.61 (range of $1.50 to $1.72). Capex of ~$121 MM was below our estimate of ~$162 MM and consensus of ~$162 MM (range of $154 MM to $175 MM).

GLTA
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