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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 Quintessential1on Dec 08, 2024 10:45am
123 Views
Post# 36351571

RE:RE:RE:RE:RE:Meaningful Share Buybacks - Consuming 100% of FCF? Why?

RE:RE:RE:RE:RE:Meaningful Share Buybacks - Consuming 100% of FCF? Why?Ok. So over on the POU board they are trying to specualte what should be done with the cash they just got from selling those $3.3 B in assets.

Why not buy VET? While it is cheap.  Even with a large premium it would still be cheap.

They would become an international major player overnight.

If they didn't want to operate internationally they could fold the mica properties into their own and sell the international to local players in each jurisdiction or possibly all or most to Tenaz.

Personally I would keep the corrib in Ireland as it could pair well with their LNG interests.  Eventually the corrib field is going to be exhausted and it wouldn't take much to build a regasification plant there to feed the UK grid.

I'm thinking 1 POU share for every 1.25 VET shares.

Still pay the POU shareholders their special div but up the regular div for all shareholders to say $.25 per month or $3 per share annually  representing a 10% yield at POU's current share price and payable with all that Juicy FCF they just bought.  It would chew up a lot f that FCF but just thnk of the rerate in the share price.  That yield wouldn't stay 10% for long.

GLTA Longs


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