Bullboard - Stock Discussion Forum Vermilion Energy Inc T.VET

Alternate Symbol(s): VET

Energy Oil & Gas E&P

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... see more

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TSX:VET - Post Discussion

Vermilion Energy Inc > This Weekend…

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Post by Chandler97 on Jun 18, 2022 12:09pm

This Weekend…

VET should be getting the BOD together for a special session to buy-back a pile of shares Monday am. They have the cash-on-hand, and the shares are a bargain. They could push the share price back to $30, easily, while picking up undervalued shares.

No brainer.

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Comment by EnergyWatcher55 on Jun 18, 2022 12:53pm

If they have cash at hand, VET would bring down its debt, not buy back its low float shares. No brainer.

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Comment by Quintessential1 on Jun 18, 2022 5:47pm

Agreed debt reduction with rising interest rates until they reach their debt floor. GLTA

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Comment by stockmarket1 on Jun 18, 2022 11:31pm

Definitely the way to go. Especially with commodity prices as high as they currently are. They'd take advantage of that going against rising interest rates. High debt with rising rates will kill anyone! Get rid of the debt, get down to their goal and then reassess the situation. Rates sure as heck aren't going down anytime soon. That's a guarantee.

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