Vermilion Energy Inc T.VET

Patience folks

[jeffpei]

Patience will be rewarded...I know waiting can be hard. GLTA.

[alta0264]

VET is poised to buyback a lot of shares. If you are selling tomorrow because you are angry because of small dividend you will probably be able to buy shares back lower soon but maybe not.... relax patience is required here. 

[Moemoney42]

($M except as indicated) Q2 2022 Q1 2022 Q2 2021 YTD 2022 YTD 2021 Financial           Petroleum and natural gas sales 858,844 810,179 407,179

[Nuttw1ster]

If it is assumed that the div gets bumped .02/quarter (.06, .08, .1, .12) that'll absorb 60,480,000$, leaving 261,520,000 for the buyback. That's not enough to purchase the remaining 14,826,066 shares left to buy unless the SP goes under 18$. So, no div increases or an incomplete NCIB, which will it be?

[stockmarket1]

Are you also factoring in the additional excess cash being generated from Corrid and the everyday FCF generated? They're cash accounts etc are always increasing too as time goes on? Are your numbers based on what they have now?

[Nuttw1ster]

I started from Moemoney42's 322 million guesstimate. Corrib is going to contribute nothing in 2022, every dime in extra FCF will be used to fund the acquisition (which is good, no equity issue) and the first quarter numbers suggested that the 600 million would come  entirely from Corrib (~180 million in Q1, extrapolated x4 seemed to suggest over 700,000,000).  That evaporated in Q2

[stockmarket1]

Assuming is correct MOE. VET will achieve those numbers provided that commodity prices stay above --- $95 ( WTI & Brent). Commodity prices were above $100 for quite some time since their last earnings report. Except lately it's declined as we all here know. It even says in report that the increases were due to high commodity prices. So, as long as the prices stay high up until years en....