Vermilion Energy Inc T.VET

NCIB

[Oldnagger]

https://stockhouse.com/news/press-releases/2022/07/04/vermilion-energy-inc-receives-tsx-approval-for-normal-course-issuer-bid

[Ebankbank]

Wow like I have said in previous posts, 2023 VET will be a cash printing machine!!!!   

[Oldnagger]

Former dividends 0.23 x12 =2.76 Present dividends 0.06 x4  = 0.24  difference = 2.42 NCIB 0.1 x 26.64 = 2.66  Those who invested before the crash are finally being vindicated !!

[Pandora]

Can't say I understand the logic? Must be my age and lack of experience. I did invest before the crash and feel somewhat vindicated by the current share price compared to my buy in. As far as dividends there was a period of "no divvy" and now a period of "6c/qtr divvy" but I'm not sure how the NCIB figures into anything. If they buy back shares at depressed prices in

[Oldnagger]

You are being cynical. What is different now is that the current share price is way below not only present value but  especially below future prospects as hedges come off in 6 months and as drilling on existing land plus new acquisitions pick up. Paying down debt was never a high return activity. Drilling and acquisitions are high return activities. The use of share buybacks will enhance

[Pandora]

Sorry Oldnagger, not being cynical at all. Probably not smart enough at investing to know how to be cynical. I was trying to say I do not understand your statement that if I bought before the crash I should feel vindicated by the NCIB. I apologize if my lack of knowledge does not make the connection -- not being a sophisticated investor such as yourself -- some of us are different. Maybe I just

[Oldnagger]

I believe that the G part that could be afflicted comes under Executive compensation. If a company uses a NCIB program mostly to cover up an excessive issuance of shares to the executives , then that IMHO would hurt the overall ESG score. But then I never dug that deep to prove my statement. All I can say is that I hope I am not wrong. I also was a shareholder of VET  pre crash. I did use

[Oldnagger]

P.S. I would highly recommend that investors keep their eye on the share count as the NCIB progresses and I certainly hope that management will keep us regularly posted as to progress in share count reductions Remember , that when VET was previously paying high dividends that one of the major issues was the increasing share count as a result of their DRIP program. That was one of the principle

[lashing]

LOL oldnagger highly reccomending is worth less than a Jim Cramer top pick

[Pandora]

Thanks Oldnagger, I now have a better understanding of what you are getting at.