"symbolActiveColor": "#F2FAFE", Examples include fulfilling orders, delivering packages, sending postal mail and email, removing repetitive information from customer lists, analyzing data, providing marketing assistance, processing credit card payments and providing customer service. Vermilion Energy Inc. VET 2.74 0.12 (4.58%). Agents: We employ other companies and individuals to perform functions on our behalf. "s": "USOIL", Stocks: 15 20 minute delay (Cboe BZX is real-time), ET. We are continuously working to improve our web experience, and encourage users to. Vermilion's geographic model requires that existing and potential regions feature stable political, fiscal and regulatory regimes. "d": "DOW JONES Index" { Vermilion reported production of about 97,150 barrels of oil equivalent in the first three months of 2020, down from 103,400 boe/d in the year-earlier period. } You can add or update certain information as explained in the section "How Can I Change My Information?". Vermilion Energy Inc. (VET.TO) News - Find the latest company news headlines for Vermilion Energy Inc. We believe that producing energy for the many people and businesses that rely upon it to meet their daily needs and sustain their quality of life is both a great privilege and a great responsibility. About 75 per cent of the impairment charge was related to Vermilion’s Canadian operations, which accounted for about 59,500 boe/d of its first quarter production. Except as provided herein, TSI Network will not sell or rent personal information about you to unaffiliated third parties. This Policy is the sole authorized statement of TSI Network's practices with respect to the collection of personal information through TSI Network's websites and the subsequent use and disclosure of such information. The contents of this web site and our publications are based upon sources of information believed to be reliable, but no warranty or representation, expressed or implied, is given as to their accuracy or completeness. { As we move forward, our first priority will be to ensure the continued health and safety of our employees and business continuity as we navigate through COVID-19. Our top financial priority at this time is debt reduction with an ultimate target of achieving a debt-to-cash flow ratio of less than 1.5x. Our business model emphasizes organic production growth augmented with value-adding acquisitions, along with returning capital to investors when economically warranted. "Actually, as of a week ago, we’ve updated our funding estimate, our cash flow generation as compared to our uses for capex and for the dividend. Company Summary Vermilion Energy Inc. is an international oil and gas producer with properties in Western Canada, Australia, France and the Netherlands. "d": "CAD/USD" Guest Commentary: A response from Philip Cross to CBC’s story on the Canadian energy sector ... SHOWCASE PRICING. ] In lieu of filling the role of Chief Executive Officer, Vermilion re-established an Executive Committee consisting of a minimum of five senior executives from within the Company with a mandate to review and approve key organizational, financial, operational and strategic decisions. 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We believe that our focus on health, safety and the environment, our strategic model and our key financial priorities, will allow Vermilion to continue to create value for our stakeholders. Mr. Kerwin has over 23 years of industry experience, with a focus on engineering and production operations in North America, West Africa, Australia, and Europe. We do NOT make our email list available outside our organization. "d": "WCS Heavy" They have access to personal information needed to perform their functions, but may not use it for other purposes. Vermilion’s priorities are health and safety, the environment, and profitability, in that order. Do not intentionally make false or misleading statements. It will also increase its exploration and development activities in the Netherlands…, Spinoffs & Takeovers Hotline – Friday, October 23, 2020, Dividend Advisor Hotline – Friday, October 23, 2020, Wall Street Stock Forecaster Hotline Friday, October 23, 2020, Power Growth Investor Hotline – Friday, October 23, 2020, The Successful Investor Hotline – Friday, October 23, 2020. "gridLineColor": "#e9e9ea", NYSE Updated Oct 21, 2020 4:00 AM The second quarter of 2020 was an extremely challenging period for the oil and gas sector. { “Certainly, (there has been) a dramatic impact on the global economy particularly felt in commodities and most of all, I would say, in the oil industry and as a result, it called for a number of changes to our plans,” said CEO Tony Marino at Vermilion’s virtual annual meeting of shareholders on Tuesday. This compares to earnings of $0.20 per share a year ago. Find the latest Vermilion Energy Inc. (VET) stock quote, history, news and other vital information to help you with your stock trading and investing. { Information You Give Us: We receive and store any information you enter on our website or give us in any other way through sign-up forms or ordering forms for publications and services. In conjunction with Mr. Marino’s departure, the Board also announced the appointments of Lorenzo Donadeo as Executive Chairman and the Curtis Hicks as President. While commentary from Anthony Marino has not been a 100% commitment - the team acknowledges scenarios exist where the dividend is at risk - I still think the team will come to regret commentary made. In a surprise to no one, Vermilion Energy CEO gets shown the door. All our operating regions generate free cash flow with a project slate that delivers high margins, low decline rates and strong capital efficiencies. Vermilion trades on the Toronto Stock Exchange and the New York Stock Exchange under the symbol VET. }, You are trying to access subscribers-only content. "showChart": true, Volume reflects consolidated markets. ] { "s": "INDEX:CDNC", Bid. These figures are adjusted for non-recurring items. There is value beyond ourselves in the communities where we operate. ] }, Please see the “Non-GAAP Financial Measures” section of the accompanying Management’s Discussion and Analysis. Vermilion Energy: Potential For Market Beating Returns But No Longer A Dividend King 5:59AM ET 10/15/2020 Seeking Alpha. Subject to applicable law, you may have the right to receive certain information as to whether or not personal information relating to you is held by TSI Network and to obtain a copy of such information that is sought. Despite these challenges, we were able to manage our business effectively through this cycle, with relatively little operational impact from COVID-19. Information from Other Sources: For reasons such as improving personalization of our service (for example, providing better product recommendations or special offers that we think will interest you), we might receive information about you from other sources and add it to our account information. "s": "INDEX:TXCX", Thanks. Announces $0.23 CDN Cash Dividend for March 16, 2020 Payment Date, Ex-Div Reminder for Vermilion Energy (VET), Vermilion Energy Inc. If you wish to become a subscriber, click here. Despite highly volatile North American oil pricing in Q2 2020, we did not experience any material shut-ins of uneconomic production. "width": "100%", Help us to improve EnergyNow, Give us your feedback, Weighted average shares outstanding – diluted, WHO’S NEXT? We successfully adapted our work procedures to ensure operational safety and business continuity in all of our operating regions, and to-date we have not had any confirmed cases of COVID-19 amongst our staff, with only minor production impacts related to the pandemic. We believe this is a reflection of the commitment to Vermilion of our skilled and dedicated staff. Vermilion Energy posts $1.3-billion loss on oil and gas assets writedown. Both our Canadian and United States business units achieved record quarterly production during Q2 2020. ", "plotLineColorFalling": "#FF4A68", I currently have the stock and am considering buying more. Cookies are alphanumeric identifiers that we transfer to your computer's hard drive through your web browser to enable our systems to recognize your browser and to provide features like "Remember Me" for our paying subscribers. This article is exclusive for subscribers. This consistent rating from 2019 continues to reflect Vermilion’s commitment to improving company ESG performance and enhanced disclosure on topics relevant to MSCI’s detailed assessment process. Most recently, he was Executive Vice-President and Chief Financial Officer of Vermilion from 2003 to 2018 and was a key contributor to Vermilion’s success and culture during his tenure. Vermilion has a philosophy of staff development and internal promotion. Vermilion Energy Inc, … TSI Network will not accept responsibility for information posted in the comments. Vermilion trades on the Toronto Stock Exchange and the New York Stock Exchange under the symbol VET. If you are under 18, you may use TSI Network's site only with involvement of a parent or guardian. With the cost reductions we have made to-date, our business is free cash flow positive in the current commodity price environment. Vermilion Energy (VET) Reports Q2 Loss, Misses Revenue Estimates: Jul 27: Recap: Vermilion Energy Q2 Earnings: Jul 27: Vermilion Energy EPS beats by C$0.27, misses on revenue: Jul 27: Vermilion Energy Inc. Founders are coming back, trying to pick up the pieces. Natural decline and minor unplanned downtime in Ireland accounted for the balance of the decrease. "scaleFontColor": "#DADDE0", Vermilion is targeting growth in production primarily through the exploitation of light oil and liquids-rich natural gas conventional resource plays in Canada and the United States, the exploration and development of high impact natural gas opportunities in the Netherlands and Germany, and through oil drilling and workover programs in France and Australia. Dear Mr. McKeough: I purchased shares of Aceto Corporation some time ago, and the stock has done well. Our plans for the rest of this year and next will be guided by our core business principles, focusing on free cash flow generation and debt reduction rather than top-line production growth. { Prospective acquisitions are subject to disciplined tests focused on ensuring accretion for existing shareholders and consistency with our free cash flow focused operating model. TSI Network does everything possible to prevent unauthorized intrusion to its websites and the alteration, acquisition or misuse of personal information by unauthorized persons. This notice describes our privacy policy. In Western Canada, it plans to increase its conventional oil and gas production, including light oil and liquids rich natural gas. Toronto, ON M2N 3A9. Lorenzo Donadeo How do we protect your personal information? 2.50 X 3 Ask. 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