Vermilion Energy Inc T.VET

look at the charts

[Oldnagger]

On this site, click on the quote icon, then look at the 10 year charts. then ask yourself what happened ? has global demand for crude and nat gas crashed ? or perhaps the supply has risen dramatically . Are producers way over drilling ?  Have renewables been putting us out of business just like the buggy whip manufacturers ?
Or could it be that the markets are now contrived for whatever reason ?

Then ask yourself Do I have the guts and intelligence to stick it out till common sense returns ?

[PipelessPauper]

I sure do this used to be a $50 stoack when oil was $50 now we’re at 67 and stock is $8 ill wait for the stock to reach $50 again

[stockmarket1]

Waiting for $50 you say? How many years beginning after 2022 lol?

[PipelessPauper]

The market needed this flush out thats why the stock continued to decline as oil rose. Big money hands knew MSM would blow up fear of Delta when it became widespread public knowledge  but while it’s more infectious, it’s FAR less deadly. Deaths have not climbed as case counts rise... and that’s never happened before.... the MSM incited fear is overblown. Who do you think was on the other

[PipelessPauper]

My call is we see $50 by XMAS and you can bookmark this. I have anyways

[Oldnagger]

Refineries around the world are buying Crude on the August contract to meet their needs this fall. That is traditionally a season of weaker demand for products and consequent refinery shutdowns for maintenance. Layer on concern over continuing lockdowns and then maybe that explains why the trade did not jump in on yesterdays blow out.  Nevertheless of two things I am sure ; Winter will come

[stockmarket1]

$50 a share for VET or $50 WTI? quote=PipelessPauper]My call is we see $50 by XMAS and you can bookmark this. I have anyways[/quote]

[PipelessPauper]

Yup. Ill remind you that this was a $50 stock when oil was $50 a cpl years ago... And now we have oil just shy of $67, and the stock isn’t even $9... lol

[PipelessPauper]

Yes... VET

[stockmarket1]

All due respect....I highly doubt $50 for VET by Christmas 2021. Maybe $20 if all goes well from now until years end.  $50...way too optimistic. I like it though.

[mnztr]

It may hit 30 but only if the reinstate a generous divvy. People forget the debt makes VET less attractive to predatory takeovers.  When they talk about the 1.5 ratio they seek, there are 2 components to this. Debt reduction AND FFO increase. Both components will be significant. The have no intention of being debt free, that is just not good business when money is so cheap. All they want to

[PipelessPauper]

Good points mnztr

[stockmarket1]

Yes... Great point mnztr.

[rino27]

mnztr, if they apply the the $689 million from the recent gas license sales as well as there free cash flow fro Q2, where do you think that leaves VET ratio wise?

[PipelessPauper]

At 85,000 boe/d, (estimate - but they did 86,270 in Q1) that’s ~ 31,025,000 boe / year, if the price holds at ~ $70 WTI... that’s $2,171,750,000 FFO for the year. they currently have ~$1950 mm in debt. I was speaking with IR rep today, and he confirmed their target of 1.5x debt to FFO ... meaning they’re already there (if prices continue to year end). My guess is the company plays it safe and

[stockmarket1]

Totally agree with your statement about a turnaround story. It is which is why it's so frustrating seeing the share price so low. It takes time, I get it, but it sure would be nice to cut the debt in half asap! Seems like we all can't wait for that lol. Hopefully, the share price soon kicks in and gets rewarded a lot sooner than later imho. It be nice to get back into double digits though.

[PipelessPauper]

I hope so too stockmarket1!!

[mnztr]

that was 689K not M

[rino27]

My mistake.....it's another 689 K to debt. Cheers

[stockmarket1]

Better than zero but 689K towards debt is peanuts when you compare it to 1.9 billion. Just saying. :)

[PipelessPauper]

Fair enough. im also betting on $100 oil (literally - to the tune of $1.3 million in O&G stocks) by Christmas too BUT, I’m an optimist and have been chasing commodity stocks for 13 years... and missed out on $100s of K in other areas. Must be the farmer in me - farmers are well known for being ‘next year’ ppl. But I think it might finally be next year on this bet. So I’m going big.