Vermilion Energy Inc T.VET

Want a vision of the future?

[prested]

Look at the results published today by ARC Energy (T.ARX). This will be us on August 11 folks.

[stockmarket1]

Agree, and we might see VET hit $33 - $34  by Aug 11th the way this is going. However, If, by chance,  the shares pull back any time now......I'm loading up. I'm really looking forward to Aug 11 earnings. I wonder how much debt VET has paid down since last report? Hope a heck of a lot! 

[Pandora]

I see T.ARX has a 2.78% dividend payable quarterly. I see no mention of them raising that dividend for the coming quarter. Is that what you're referring to when you say "this will be us on Aug 11"? i.e. no increase in the dividend.

[Quintessential1]

VET and ARX while both great companies are in different places debt wise. ARX is a quarter away from meeting its debt target and perhaps two from its debt floor. Where as VET has already hit its debt target and is quickly approaching its debt floor. This leaves VET in a much better position to return its massive FCF back to shareholders. VET states om their website that they are committed to

[Moemoney42]

Yup, get ready for a doubling of the divi for Q3 payout.. IMHO  ;-)

[Soncard]

doubling wont cut it! That's only 1.5% of the current price. At that rate pay down more debt and get the divi to at least 5% .

[Moemoney42]

I agree.. it should be tripled actually, but I think we'll only see small steps quarter over quarter in reality.. they're yield should be ~3% to be competitive.. and that would be a tripling from here IMHO

[blackace]

Not enough.  If they don't raise it to at least 7% then holders will begin to move to others (like CJ.TO) who are actually taking care of their shareholders.

[Soncard]

another favorite, just recently, CJ is $0.05 per month, declared  when stock price was $8.89, darn close to 7%. Trading at $9.20 today with no divi increase announced at Q2 release last night.....just saying :):)

[Pandora]

And is this where Ottawa hopes to take Canada: https://www.bbc.com/news/world-europe-62335911

[Oldnagger]

The boggest earning gains are going to those companies which have the greatest international exposure https://oilprice.com/Energy/Crude-Oil/Big-Oil-Set-For-Blowout-Performance-But-What-Comes-Next.html