Vermilion Energy Inc T.VET

VET

[brewster123]

Special dividend coming in September.....$1.00/share

[brewster123]

Raymond James Analyst Jeremy McCrae plugging Surge... https://ca.finance.yahoo.com/news/how-the-smart-money-bought-oil-and-gas-stocks-in-q-2-183944299.html

[brewster123]

Raymond James Analyst Jeremy McCrae plugging VET... https://ca.finance.yahoo.com/news/how-the-smart-money-bought-oil-and-gas-stocks-in-q-2-183944299.html

[kelsat01]

no mention of a special dividend in that link

[sportstermathew]

I own VET calls, 17 MAR 2023, strike price of $23. Say VET declares a $1.00 special dividend Can anyone explain if my calls will be impacted or if I get a $1.00 x 100 for $100 per call deposited to my account? or when the dividend is paid will I have the calls Strike price go to $22?  but if the stock drops by $1.00 then am I any further ahead? Other than the price of the stock going up

[TVR]

Only shareholders get any dividends.  For an call option holder to receive any dividend declared you would have to excercise your call option and buy the shares prior to the ex-dividend date.  This is one of the main reasons call options are exercised early if there is a sizeable dvidend due.

[papaloapan]

This is correct, but I believe it only applies to regular dividends.  Specials result in adjustment to the contract exercies price.

[alta0264]

nope...

[papaloapan]

yup What is a contract adjustment? Whenever the terms of an equity option contract have been changed to terms different from its original standardized terms, such as the contract's deliverable (unit of trade) after an underlying stock split, or corporate action such as a take-over, merger, or special stock or cash distribution, those terms will be adjusted to account for this. For

[alta0264]

I cannot believe this would be the case for options. It may change the value of the option perhaps but not terms of contract. Owning an option only gives you the right to acquire or sell a share at a certain price at a certain time in the future. Only actual shareholders of record on ex dividend day are eligible to receive the dividend, special or otherwise as far as i know.

[Moemoney42]

Any chance you can back that statement up with a link.. or is it just your wish list..?

[brewster123]

Just a prediction.  Base dividend is too low and I think they will reward shareholders with a special dividend soon.

[Aurum1983]

Sounds about right. They will have to do something with all that cash. I think we'll see SP touch down on $50 by end of September.