Vermilion Energy Inc T.VET

FCF

[papaloapan]

The investment case here is reasonably compelling, but it has been for several years. Despite steady and improving fundamentals and execution, the stock does not react.

[MyHoneyPot]

I think because of that the management approach is really good.  Pay some debt down, buy some shares back, and grow produciton moderately with high quality plays with good returns and FCF. Hedge the upside in Europe gas as far out as 2027.  If they accelerated the buybacks they could become too significant in the market place. In reality if you can increase production per share 2% with

[Marty57]

For myself, I can live with 6 percent dividend yield and wait while positive factors change the siituation... rising production, lower debt, improved commodity prices.  These factors won't manifest themselves overnight (except possibly price), but I expect they will move in the right direction.  my strategy- be patient and collect the dividend every quarter.

[Marty57]

Oops... sorry. made this comment on the wrong board... thought I was on VRN.  VET dividend is not good yet but this company is moving in the right direction as well IMO.

[MyHoneyPot]

Marty, I did own VET a few year ago, but today it is a much different company in my opinion. All their plays look to be cash generating, Europe this is a 2024 opportunity now that wind fall taxes are off Energy producers, and they are at the right end of the LNG pipe, trying to lower the cost of energy in Europe which has endured economic havoc because of a tripling in the price of energy.