Post by
galaxyr on May 03, 2024 4:55pm
Approx 950,000 shares repurchased and cancelled
Vermilion making great use of the stock repurchase program. Sedi shows approx 950,000 shares repurchased and cancelled for April
https://ceo.ca/api/sedi/?symbol=Vet&amount=500.0&transaction=&insider=
Comment by
mnztr on May 08, 2024 11:54pm
I still say they would raise the stock price more with divvies and special divvies. That share buyback represents 0.6 % Cost them about 16m. 50% fcf is 40m a month the divvy is what? 7m a month? So they returned less then 23m to shareholderis in april. In may they better be ramping fast to 40m
Comment by
mnztr on May 09, 2024 12:01am
Just checked the INK insider report and no reports of purchases as of May 8th. In April they were buying back from april 2nd on. I guess its possible they are buying but they have a window to report. they better do some big buys this quarter. The owe us and they committed to it. (but then they committed in the past they would do 100% at this debt level.
Comment by
brewster123 on May 09, 2024 7:58am
Click on the "Insiders" tab on this page - it has now been updated to the end of April - lots of repurchases in the month!
Comment by
GregC24 on May 09, 2024 10:45am
Where you get $40m from? As of the latest presentation (slide 13) FCF is estmated around $700m which is about $30m a month. Just about every company and stock analyst (and Warren Buffett) would disagree with you on the impact of buybacks versus dividends.
Comment by
mnztr on May 12, 2024 11:52pm
their last Q reported 240m fcf. 50% is 120m or 40m/month.
Comment by
Quintessential1 on May 13, 2024 5:35pm
Minus divies and reduced commodity pricing for less FCF. GLTA