Vermilion Energy Inc T.VET

near term quote in 4th quarter ( any thoughts on this quote)

[madrock]

It has been a challenging year for the oil and gas industry and Vermilion; however, we are pleased with what our Company has accomplished under the circumstances. While we still have lots of work to do, we believe our Company is on a much stronger footing today and is better positioned for long-term value creation. Vermilion has a world class asset base comprised of highly efficient, low decline conventional oil and natural gas producing assets that generate strong free cash flow. These assets provide risk reducing attributes owing to their global diversification and global commodity exposure, and also provide significant leverage to recovering global commodity prices. In the near-term, all of our free cash flow will be allocated to debt reduction, but as we begin to make more meaningful progress towards our debt targets, we will review our long-term shareholder return policy to determine the appropriate time to reinstate a dividend and/or share buyback program. We would like to thank our shareholders for their ongoing support and look forward to providing further updates on our 2021 program as the year progresses.

[stockmarket1]

My thoughts? Too me, its positive. With the excess FCF, pay down debt to a level where Vermillion is comfortable ( manageable ) then re-introduce a dividend.  What's more too say? Imo, it certainly WON'T happen in 2021 if that is what you are hoping?  Paying down a $2 billion doesn't happen overnight! And providing wti and brent stay at today's current levels or higher

[halitosis8]

they did provide some pretty clear metrics.  the 2021 goal was based on $60 USD/bbl.  At that price, they projected debt reduction of $350m.  Every $1/bbl higher increases free cash flow by $17m.  So if we trend at $65, that would be $85m extra free cash flow which could be spent on any combination of debt reduction, E&D, or dividends. That's only the oil side. 

[oilgenious]

with all the vacines and such a curable virus the virus BS goes on

[Amadeus2011]

Hey genius....You spelled your name wrong. The virus is not "curable". And the vaccines aren't in everyone's arms yet so in reality very little has changed. It's not BS. over 22,000 people have died. That's 22,000 that would most likely still be alive except for COVID-19.  So it's not BS. It's killing Canadians. How about you show a little empathy. Be a

[oilgenious]

bill gates propaganda people who are already sick die from the flu congradulations you have been brainwashed

[Amadeus2011]

Really? So my Aunt catching it and dying means I'm brainwashed you insensitive piece of garbage? Or how about my co-workers mother and sister? Both dead. How about the 22,000+ other dead Canadians. Do you think they were brainwashed as well? So you think that every gov't in every country on the planet, and every gov't official in every country on the planet and every executive from

[Claude13]

You just made my Ignore list, YOU are the IDIOT

[Oldnagger]

Are you really that callous?

[Gord_Alberta]

I have more than 170 on my ignore list; that makes reading posts much easier... And contrary to popular belief, people die; 300,000 Canadians last year. Up from 287,000 in 2019 & 285,000 the year prior. The large, large majority were from "end of life" facilities. My focus is on living. I played Slo-Pitch last summer with a division I set up. The youngest player was 50 years old

[Claude13]

Am I that callous? Absolutely. I have no time for anyone who attacks others just because they are anonymous on this board. 

[Oldnagger]

I for one have also railed against ad hominems , but I try my best to avoid railing against individual posters lest I be found guilty of the same thing I dislike . Amadeus has obviously undergone trauma that could beset anyone. We all need to take that into consideration and lend him our sympathy and understanding without being too heavy on the admonitions. So I will leave it at that , thanks for

[oilgenious]

why dont you get a vaccine for neing retarded