Vermilion Energy Inc T.VET

why are oil stocks down? This market is nuts

[lashing]

Vet was in the 20's last time oil was $60

[geemonet]

It was. But it shouldn't have been. The market was looking the other way on the masssive debt and cashing in on their super inflated and unrealistic div payments. And now we have to deal with the consequences of that. 

[ThatAlbertaGuy]

vet was also paying a handsome dividend during that time .   

[geemonet]

They were borrowing money to pay that dividend. It's insane that management can borrow money under the company's name to pay huge dividends which they personally massively benefit from as they're large stock holders. 

[downtozero]

The previous CEO was gettting massive bonus payments (millions) to keep the high dividend and show growth, all by increasing the debt. He single handedly nearly bankrupted the company. It will be years before they fully recover. The high oil prices will help speed up the recovery and the share price will follow. With a higher oil price, they should have a higher book value which should drive the

[geemonet]

Oil genie - you hear that?? It's not JT you gotta nut kick to death, go after the old ceo!!! Sick em boy!!!

[VVasp1]

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[downtozero]

All the O&G stocks have wilder swings than O&G prices. VET tends to swing wilder than most. O&G down 1.2%, VET down 4.2%. This is just a small blip on the road to price recovery by end of 2021.

[joeburname]

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