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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 MyHoneyPoton Dec 23, 2024 10:24am
203 Views
Post# 36374978

RE:purchase price looks good

RE:purchase price looks goodI listened to the analyst calls, and they said WestBrick is actually producing 57,000 boe/day. So production is understated in the deal metrics.

VET is going to be looking at some potential divestitures, to accelerate the debt reduction, this is a boat load of land with WestBrick, and over 100 mmcf of gas processing. They suggest they will be trading at 1.5 debt to trailing FFO. VET expects yearend debt to be 1.8 billion. 

VET has a lot of partnered wells with WESTBRICK already, so they likely had a big advantage in this bidding process. 

With no additonal shares being printed, it will result in even higher FCF on a pershare basis, and FFO on a per share basis. 

Vet already had great numbers for FCF per share, this should make it better. 

This does make them significantly bigger.

IMHO
MHP
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