Vermilion Energy Inc T.VET

Is max pessimism already here?

[sunshine7]

Stifel’s Cody Kwong cut his Vermilion Energy Inc. (

decrease

 

) target to $37 from $42 with a “buy” rating. The average is $37.29...
"With clarity surrounding its return of capital plans, better visibility on the Corrib acquisition closing alongside EU windfall tax clarity (burden moving lower in this update), we believe we are past the point of maximum pessimism on this name, all else equal.”

[retiredcf]

A few more details. GLTA Stifel’s Cody Kwong cut his Vermilion Energy Inc. target to $37 from $42 with a “buy” rating. The average is $37.29. “Vermilion released its 2023 budget and guidance, that while below consensus on a production and capex basis, targets production growth of 3 per cent year-over-year while it returns 25 per cent of projected FCF to shareholders by increasing its

[EnergyWatcher55]

With such a glowing rating from this analyst, why is VET below $20? 

[mnztr]

Because there is uncertainty on several fronts. WFT is still unclear, Oil price is unclear, and VETs whole shareholder return policy was chucked out of the window. I am guessing Nuttall had a call with them and did not like the answers. He will probbably throw them under the bus on his next call.