VET - Vermilion: Reversion To Historical Multiples Would Produce Phenomenal Returns
2024-05-20 10:36:26 ET
Summary
- We had rated Vermilion Energy Inc. a Buy the last time around.
- The stock has been flat in the interim.
- Q1 2024 earnings gave investors many reasons to be optimistic, and we break down why this is now 8% of our portfolio.
We rated Vermilion Energy Inc. ( VET , VET:CA ) a buy back in December. Powered by gas of the European kind, the going was really good in 2022. The bulls (including us), however, had the wind taken off their sails when the company had to pay the piper (read: windfall taxes) in 2023. We saw the silver lining in the clouds and wrote about a potential for healthy returns from that point onwards, if played right....
Vermilion: Reversion To Historical Multiples Would Produce Phenomenal Returns