Vermilion Energy Inc T.VET

Tax on Buybacks equals good news.

[galaxyr]

This is good news.  We should see alot of share appreciation as VET and other companies will accelerate buy backs before the tax is implemented in 2024.

The quantum of share buybacks in 2023, before this tax comes into place, could be mind blowing IMO. First time in history that a tax is actually good for share price performance??? an Eric Nuttall quote

[stockmarket1]

That's a very good point. That didn't even cross my mind. I also hold Pembina which had great results but now they're going from a monthly dividend to now a quarterly. I'm on the fence with Pembina now. The monthly dividend + yield, was one of the main reason I got into that.

[Oldnagger]

In my whole investment career that now spans many decades , I have never heard of anyone taxing share buybacks. They are an indispensible tool in a free economy for bringing market valuations in line with company asset and earning values. As such they should be encouraged rather than castigated. Are Trudeau and Biden so lame brained that they do not understand that ?? (rhetorical question

[stockmarket1]

If the plan is to punish all companies that rake in the cash by taxing buybacks. What companies in all sectors should with excess cash now is only raise the dividend enormously to shareholders.

[Oldnagger]

For many small investors who are willing to stay invested, re-investing dividends is cumbersome and inefficient. So the 2% buyback tax is really a tax on those small investors !!

[Oldnagger]

I realize that I am opening a can of worms , but my point of view is very simple . If you want a high dividend paying stock then buy it. If you want a no dividend or buyback stock then buy that.  If you think as I do that dividend policy is a secondary issue then do as you please. What I do not think is that dividend or buyback policy is NOT any of the governments business .BACK OFF YOU

[Oldnagger]

What I do  think is that dividend or buyback policy is NOT any of the governments business

[Citizen13]

Then our socialist government will go after that too.  Liberals sit in a boardroom every single day and try to devise new taxes so they can continue to spend baby spend and make the government ever a larger more bloated entitiy . The people in my riding would vote in a chimpanzee if it ran for Liberal MP. A chimpanzee that just murdered 5 people at the zoo. It pains me to see just how