Vermilion Energy Inc T.VET

Last Quarter FFO 275 million

[MyHoneyPot]

With a current market cap is roughly 1.95 billion dollars, last quarter FFO was 275 million.

This FFO for the last 4 quarters, 1,315 million dollars in FFO. 

This means currently the company is trading at approximately 67.5% FFO per share. That means that with VET trading at $12.50 it is generating $8.43 a share for the trailing 4 quarters. 

Trailing 4 quarter FCF = 750 million or approximately 38% FCF per share. 

This is crazy cheap, and currently the Canadian dollar is trading at .698 in USA dollars. In terms of Euro that is $1.50 Canadian = 1 Euro. 

Currently Europe gas =   41.645 Euro = 41.645 * 1.50 * .293701 = $18.34 Canadian

So this is a table pounding buy, and the company can not buy back enough shares fast enough. 

IMHO
MHP

[Overertune]

It doesn't matter how much money they make. It matters where they spend the money.  first the money went to debts and notes. then they want to buy new assets with cash. then they buyback and give tons of RSU to management. then there is nothing left for the shareholders. all investors and directors and CXOs of VET have left and joined TNZ, they want to follow former CEO who cares

[MyHoneyPot]

That sounds a little sour to me, when i look at the numbers, the share count, and the balance sheet Vermillion could not be a much better place.  Their debt is at Target, and now they want to pay off the existing note that is due in 2025 with cash? I am not sure that is necassary, maybe the thoughts is that want to have a little dry powder, as some of those onshore netherlands packages will

[Quintessential1]

The TTM on FFO/FCF looks great but it is dependent on commodity pricing that has been lowering. The market knows this.  The market also knows there is debt coming due in 2025. Pay debt or buyback shares?  Should be an easy choice based on what costs / saves more. Paying the dividend on 155 milion shares next year will be ~$18 million. ~$18 million on $362 million debt would equate to

[prested]

Sounds like good advise. Important to stress that anyone who is in a hurry is in the wrong stock here,