CA - Vermilion Energy: Strong Production And Cash Flows In Q4
2024-03-07 06:50:36 ET
Summary
- Vermilion Energy is a Canadian oil and natural gas producer with production in North America, Europe, and Australia.
- The company has underperformed its peers due to weaker natural gas prices, but a substantial percentage of the natural gas production is hedged.
- Vermilion reported a robust Q4-23 result with increased production volume, higher funds flow, and a substantial hedging gain. The company is now increasing shareholder distributions.
- There was a C$1B non-cash impairment to some assets and the reserve life decreased slightly, so it was not all positive in the quarter.
Overview
Vermilion Energy ( VET ) is a Canadian oil & natural gas producer, with production in North America, Europe, and Australia. The stock is listed in the U.S. & Canada ( VET:CA ), and the reporting currency is Canadian Dollars. I have covered Vermilion frequently over the last couple of years and those articles can be found here ....
Vermilion Energy: Strong Production And Cash Flows In Q4