Vermilion Energy Inc T.VET

Why VET still under $10?

[gold_diggers1]

Should I be scratching my head why VET is struggling to stay above $9.50, as I am writing, let alone going over $10 when WTI is above $66??
.
GLTA

[Oldnagger]

Seems most investors are suffering from  VER(milion)TIGO !!

[gold_diggers1]

WCP declared dividend increase, up over 5%.  MEG up 5%.  I am certainly having some Vertigo problems.... [|;-) . Why people keep selling... suppressing the share price? . Ah, VET is now $9.67, up 3%.... hope it's over $10 soon.   . GLTA

[baranja]

The worst GARBAGE in Energy Sector GLOBALY. The GARBAGE is still on 40% of pre covid levels while EVERYTHING else is way passed pre covid prices. The company is run my useless clowns.  I can only imagine how the people holding this since $25 dollar feels like. Clows running this circus show must be fired ASAP.

[alta0264]

The only thing VET can do for now is pay down debt and sustain production. There will be no return of capital to shareholders in dividends or share buybacks until debt is well in hand and a little more certainty as to the prospect for the energy markets going forward. Options are limited and for now this is best use of FCF. As shareholders we wait or move along IMO.

[stockmarket1]

Well said. Personally, I don't expect a dividend returning by the very least mid 2022. And that's providing WTI and Brent remain well above $60 for the remain 2021 & 2022. If they can get the debt paid down to just below $1B ( 50% from current level ).....that would be a much more comfortable position. Of course, even lower would be ideal but......just saying. 

[geemonet]

If you want the price above 10, put in a bid of 10.01. Be the change you want to see young grasshopper.

[gold_diggers1]

If I were to put in a bid at $10.01, my order would get filled at $9.65... so much the better, eh? . GLTA .

[Backinblack1000]

This post has been removed in accordance with Community Policy

[gold_diggers1]

I certainly hope so.  In the mean time.... House Positions for VET as 01:47PM EDT.  Anonymous has been quietly buying... . . GLTA .

[gold_diggers1]

Let me try again for the House Positions... . House Positions for C:VET from 20210517 to 20210517 House Bought $Val Ave Sold $Val Ave Net $Net 1 Anonymous 591,452 5,651,347 9.555 472,325 4,506,138 9.54 119,127 -1,145,209

[stockmarket1]

Thanks for posting those house guys. It be nice knowing who the anonymous buyer is. Thumbs up.

[gold_diggers1]

VET is trading at $9.80 as I write... high for the day. . Yeah, people, continue to sell into Anonymous' hands... Last time it was Net 119K shares.  And now @3pm EDT, it's 276K shares accumulated by Anon. . House Positions for C:VET from 20210517 to 20210517 House Bought $Val Ave Sold $Val Ave

[stockmarket1]

What do you think? $10 and beyond soon? 

[gold_diggers1]

Oldnagger and BackinBlack can tell you that.... as I am just a young grasshopper here... ;-)  . But I can tell you as of now Anonymous has increased its Net position to over 385K shares from 276K (the last time I posted).   I will post end of day House Positions after the close today. . GLTA .

[Oldnagger]

VET is a bit of a mystery, on one hand investors are worried about the debt, on the other hand bankers are not. VET is fully margineable at a 30% rate. Other investors want a dividend, that is probably a good idea as dividend funds require it Some refuse to invest in Canadian cos in spite of their stellar ESG ratings in the sector. Many others just want to play the company up and down repeatedly

[lyctr6]

Exactly. Patience is the key here. I'm expecting $15-$20 before the end of the year.

[gold_diggers1]

Anon accumulated over 500K shares today . House Positions for C:VET from 20210517 to 20210517 House Bought $Val Ave Sold $Val Ave Net $Net 1 Anonymous 1,206,932 11,683,399 9.68 698,704 6,724,372 9.624 508,228 -4,959,027

[stockmarket1]

The Anon ...doubt it's insider buying but certainly institutional , for sure. Thanks again for posting this. very interesting. Hope we get past $10 tomorrow or this week.