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Bullboard - Stock Discussion Forum Vermilion Energy Inc T.VET

Alternate Symbol(s):  VET

Vermilion Energy Inc. is a Canada-based international energy producer. The Company seeks to create value through the acquisition, exploration, development, and optimization of producing assets in North America, Europe, and Australia. Its business model emphasizes free cash flow generation and returning capital to investors when economically warranted, augmented by value-adding acquisitions. The... see more

TSX:VET - Post Discussion

Vermilion Energy Inc > Approx 950,000 shares repurchased and cancelled
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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 galaxyr on May 09, 2024 1:10am
Vermilion usually reports share repurchases at the end of beggining of the month. I've been holding for about 2 years. I'd rather see them repurchase shares now at these lower amounts and increase the dividend later. I'm sure once they report that the montenay battery and the European gas (Croatia/Germany) are online/producing the daily BPD total will increase and share prices will ...more  
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 Quintessential1 on May 09, 2024 2:05pm
They bought back 717,697 shares in April and reported them on May 3rd. They will report May's buybacks before June 10th as mandated but probably closer to the 3rd again depending on weekends and business days.  https://ceo.ca/vet This link is good.  Click on SEDI insider filings on the lower lefthand side then scroll the open window. It tells you transaction dates and filed date. ...more  
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 downwithdotcom1 on May 09, 2024 1:12pm
totally agree...buybacks historically have a better influence for longer term share appreciation...special dividends can be ONE DAY pop affairs...stock is DIRT CHEAP just hope not a VALUE TRAP..i'm disappointed (again) on the lack of response on better than expected Q1 numbers..Q2 is were a number of events play-out both in NA and EUROPE along with even higher commoditee prices. VET should be ...more  
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