Vermilion Energy Inc., together with its subsidiaries, engages in the acquisition, exploration, development, and production of petroleum and natural gas in North America, Europe, and Australia. It owns 81% working interest in 642,300 net acres of developed land and 87% working interest in 376,700 net acres of undeveloped land, and 613 net producing natural gas wells and 3,034 net producing oil wells in Canada; and 96% working interest in 248,900 net acres of developed land and 91% working interest in 222,100 net acres of undeveloped land in the Aquitaine and Paris Basins, and 325 net producing oil wells and 3.0 net producing gas wells in France. The company also owns 49% working interest in 930,000 net acres of land and 51 net producing natural gas wells in the Netherlands; and 36,900 net developed acres and 965,900 net undeveloped acres of land, and 61 net producing oil wells and 8 net producing natural gas wells in Germany. In addition, it owns offshore Corrib natural gas field located to the northwest coast of Ireland; and 100% working interest in the Wandoo offshore oil field and related production assets that covers 59,600 acres located on Western Australia's northwest shelf. Further, the company holds 138,000 net acres of land in the Powder River basin, and 136.6 net producing oil wells in the United States; and 951,200 net acres of land in Hungary, 244,900 net acres of land in Slovakia, and 2.4 million net acres of land in Croatia. Vermilion Energy Inc. was founded in 1994 and is headquartered in Calgary, Canada.
IPO Year:
Exchange: NYSE
Website: vermilionenergy.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/4/2024 | Outperform → Market Perform | BMO Capital Markets | |
| 5/14/2024 | Outperform | BMO Capital Markets | |
| 3/27/2024 | Hold → Buy | TD Securities | |
| 11/6/2023 | Hold → Buy | Desjardins | |
| 7/25/2023 | Buy → Hold | Desjardins | |
| 7/21/2023 | Buy | Canaccord Genuity | |
| 3/29/2023 | Buy → Hold | TD Securities | |
| 3/14/2023 | Neutral → Overweight | JP Morgan | |
| 9/16/2022 | Sector Outperform → Sector Perform | Scotiabank | |
| 9/15/2022 | Underweight → Neutral | JP Morgan |
SC 13G/A - VERMILION ENERGY INC. (0001293135) (Subject)
SC 13G - VERMILION ENERGY INC. (0001293135) (Subject)
SC 13G/A - VERMILION ENERGY INC. (0001293135) (Subject)
CALGARY, AB, Jan. 28, 2025 /PRNewswire/ - Vermilion Energy Inc. ("Vermilion" or the "Company") (TSX:VET) (NYSE:VET) today announced the pricing of its previously announced private offering of up to US$400 million of eight-year senior unsecured notes (the "New Notes"). The New Notes will be issued in the aggregate principal amount of US$400 million, and will have a maturity date of February 15, 2033 and a fixed coupon of 7.250% per annum, to be paid semi-annually. The offering of the New Notes (the "Offering") is expected to close on or about February 11, 2025, subject to customary closing conditions. The Company intends to use the net proceeds from the New Notes, at its option, to (a) redeem
CALGARY, AB, Jan. 28, 2025 /PRNewswire/ - Vermilion Energy Inc. ("Vermilion" or the "Company") (TSX:VET) (NYSE:VET) announces its intention to issue up to US$400 million aggregate principal amount of eight-year senior unsecured notes (the "New Notes") in a private offering to qualified institutional buyers (the "Offering"), subject to market and other conditions. The Company intends to use the net proceeds from the New Notes, at its option, to (a) redeem or repay the outstanding amount of the Company's existing 5.625% senior notes due 2025 (the "Existing Vermilion Notes") prior to or at their maturity date thereof, (b) fund a portion of the purchase price of the acquisition of Westbrick Ener
CALGARY, AB, Jan. 28, 2025 /PRNewswire/ - Vermilion Energy Inc. ("Vermilion" or the "Company") (TSX:VET) (NYSE:VET) has filed certain financial information relating to its proposed acquisition of Westbrick Energy Ltd. on its profile on SEDAR+ (www.sedarplus.ca). In addition, the Company has received commitments and consent from lenders to increase the previously announced fully underwritten term loan maturing May 2028 from $250 million to $450 million. About Vermilion Vermilion is an international energy producer that seeks to create value through the acquisition, exploration, development and optimization of producing assets in North America, Europe and Australia. The Company's business mode
CALGARY, AB, Dec. 23, 2024 /PRNewswire/ - Vermilion Energy Inc. ("Vermilion", or the "Company") (TSX:VET) (NYSE:VET) is pleased to announce it has entered into an arrangement agreement (the "Arrangement Agreement") to acquire Westbrick Energy Ltd. ("Westbrick"), a privately held oil and gas company operating in the Deep Basin, for total consideration of $1.075 billion by way of a plan of arrangement under the Business Corporations Act (Alberta) (the "Acquisition"), expected to close in Q1 2025(1). "The strategic acquisition of Westbrick represents a significant step forward in Vermilion's North American high-grading initiative to increase operational scale and enhance full-cycle margins in
CALGARY, AB, Dec. 19, 2024 /PRNewswire/ - Vermilion Energy Inc. ("Vermilion", or the "Company") (TSX:VET) (NYSE:VET) is pleased to announce its 2025 budget, an 8% dividend increase and strong Germany well test results. Highlights 2025 capital expenditure budget of $600 – $625 million includes drilling and infrastructure capital allocated across all major business units, including ongoing drilling and debottlenecking on the BC Montney asset and drilling capital allocated to European gas exploration and development in Germany, the Netherlands, and Central and Eastern Europe.2025 production guidance of 84,000 – 88,000 boe/d represents 2% growth at the mid-point compared to original 2024 product
CALGARY, AB, Nov. 6, 2024 /PRNewswire/ - Vermilion Energy Inc. ("Vermilion", "We", "Our", "Us" or the "Company") (TSX:VET) (NYSE:VET) is pleased to report operating and condensed financial results for the three and nine months ended September 30, 2024. The unaudited interim financial statements and management discussion and analysis for the three and nine months ended September 30, 2024 will be available on the System for Electronic Document Analysis and Retrieval Plus ("SEDAR+") at www.sedarplus.ca, on EDGAR at www.sec.gov/edgar.shtml, and on Vermilion's website at www.vermilionenergy.com. Highlights Q3 2024 fund flows from operations ("FFO")(1) was $275 million ($1.76/basic share)(2), rep
CALGARY, AB, Nov. 6, 2024 /PRNewswire/ - Vermilion Energy Inc. ("Vermilion") (TSX:VET) (NYSE:VET) is pleased to announce a cash dividend of $0.12 CDN per common share, payable on January 15, 2025 to all shareholders of record on December 31, 2024. This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada). About Vermilion Vermilion is an international energy producer that seeks to create value through the acquisition, exploration, development and optimization of producing assets in North America, Europe and Australia. Our business model emphasizes free cash flow generation and returning capital to investors when economically warranted, augmented by value-adding a
CALGARY, AB, Oct. 23, 2024 /PRNewswire/ - Vermilion Energy Inc. ("Vermilion", "We", "Our", or the "Company") (TSX:VET) (NYSE:VET) will release its 2024 third quarter operating and condensed financial results on Wednesday, November 6, 2024 after the close of North American markets. The unaudited interim financial statements and management discussion and analysis for the three and nine months ended September 30, 2024 will be available on the System for Electronic Document Analysis and Retrieval ("SEDAR") at www.sedarplus.ca, on EDGAR at www.sec.gov/edgar.shtml, and on Vermilion's website at www.vermilionenergy.com. Conference Call and Webcast Details Vermilion will discuss these results in a
CALGARY, AB, Sept. 10, 2024 /PRNewswire/ - Vermilion Energy Inc. ("Vermilion", "We", "Our", or the "Company") (TSX:VET) (NYSE:VET) is pleased to provide an operational update on key projects. In Germany, we successfully completed testing operations for our first deep gas exploration well drilled earlier this year. The well was completed in the Rotliegend zone at a depth of approximately 5,000 meters and flow tested at a restricted rate of 17 mmcf/d(1) of natural gas with a wellhead pressure of 4,625 psi. Given the high pressure reading from this well, we believe deliverability would have been higher without testing equipment limitations. These results are very encouraging and validate our in
CALGARY, AB, July 31, 2024 /PRNewswire/ - Vermilion Energy Inc. ("Vermilion", "We", "Our", "Us" or the "Company") (TSX:VET) (NYSE:VET) is pleased to report operating and condensed financial results for the three and six months ended June 30, 2024. The unaudited interim financial statements and management discussion and analysis for the three and six months ended June 30, 2024 will be available on the System for Electronic Document Analysis and Retrieval Plus ("SEDAR+") at www.sedarplus.ca, on EDGAR at www.sec.gov/edgar.shtml, and on Vermilion's website at www.vermilionenergy.com. Highlights Production during Q2 2024 averaged 84,974 boe/d(8) (53% natural gas and 47% crude oil and liquids), co
6-K - VERMILION ENERGY INC. (0001293135) (Filer)
6-K - VERMILION ENERGY INC. (0001293135) (Filer)
6-K - VERMILION ENERGY INC. (0001293135) (Filer)
6-K - VERMILION ENERGY INC. (0001293135) (Filer)
6-K - VERMILION ENERGY INC. (0001293135) (Filer)
6-K - VERMILION ENERGY INC. (0001293135) (Filer)
6-K - VERMILION ENERGY INC. (0001293135) (Filer)
6-K - VERMILION ENERGY INC. (0001293135) (Filer)
6-K - VERMILION ENERGY INC. (0001293135) (Filer)
SD - VERMILION ENERGY INC. (0001293135) (Filer)
CALGARY, AB, May 2, 2024 /PRNewswire/ - Vermilion Energy Inc. ("Vermilion") (TSX:VET) (NYSE:VET) is pleased to announce the voting results from our annual meeting of shareholders held on May 1, 2024. A total of 68,572,045 common shares representing 42.64% of Vermilion's issued and outstanding common shares were voted in connection with the meeting. The vote on each matter was conducted by ballot. The manner in which the proxies were voted or ballots cast, as applicable, in respect of each matter is set out below. 1. Ordinary resolution to approve fixing the number of directors of Vermilion to be elected at the Meeting at ten (10). Votes For Votes Against Number Percent (%) Number Percent (%)
CALGARY, AB, Aug. 11, 2022 /PRNewswire/ - Vermilion Energy Inc. ("Vermilion", "We", "Our", "Us" or the "Company") (TSX:VET) (NYSE:VET) is pleased to report operating and condensed financial results for the three and six months ended June 30, 2022, a 33% dividend increase and our Return of Capital Framework. The unaudited interim financial statements and management discussion and analysis for the three and six months ended June 30, 2022 will be available on the System for Electronic Document Analysis and Retrieval ("SEDAR") at www.sedar.com, on EDGAR at www.sec.gov/edgar.shtml, and on Vermilion's website at www.vermilionenergy.com. Highlights Q2 2022 fund flows from operations ("FFO")(1) wa
CALGARY, AB, June 1, 2022 /PRNewswire/ - Vermilion Energy Inc. ("Vermilion", "We", "Our", "Us" or the "Company") (TSX:VET) (NYSE:VET) is pleased to announce the appointment of Mr. Myron Stadnyk to our Board of Directors. Mr. Stadnyk brings over 35 years of business and industry knowledge, with extensive experience in senior leadership, cost management, operational effectiveness, governance, health, safety, and environment. He most recently served as the President and Chief Executive Officer of ARC Resources Ltd. where he led ARC's transformation from a royalty trust to a top-t
CALGARY, AB, May 12, 2022 /PRNewswire/ - Vermilion Energy Inc. ("Vermilion") (TSX:VET) (NYSE:VET) is pleased to announce the voting results from our annual meeting of shareholders held on May 11, 2022. A total of 69,579,996 common shares representing 42.75% of Vermilion's issued and outstanding common shares were voted in connection with the meeting. The vote on each matter was conducted by ballot. The manner in which the proxies were voted or ballots cast, as applicable, in respect of each matter is set out below. Ordinary resolution to approve fixing the number of directors of Vermilion to be elected at the Meeting at nine (9).Votes For Votes Against Number Percent (%) Number Percent (%)
CALGARY, AB, March 7, 2022 /PRNewswire/ - Vermilion Energy Inc. ("Vermilion", "We", "Our", "Us" or the "Company") (TSX:VET) (NYSE:VET) is pleased to report operating and condensed financial results for the year ended December 31, 2021. The audited financial statements, management discussion and analysis and annual information form for the year ended December 31, 2021 will be available on the System for Electronic Document Analysis and Retrieval ("SEDAR") at www.sedar.com, on EDGAR at www.sec.gov/edgar.shtml, and on Vermilion's website at www.vermilionenergy.com. Highlights Fourth Quarter 2021 Results Q4 2021 fund flows from operations ("FFO")(1) was $322 million, an increase of 23% from th
CALGARY, AB, Nov. 9, 2021 /PRNewswire/ - Vermilion Energy Inc. ("Vermilion", "We", "Our", "Us" or the "Company") (TSX:VET) (NYSE:VET) is pleased to report operating and condensed financial results for the three and nine months ended September 30, 2021. The unaudited interim financial statements and management discussion and analysis for the three and nine months ended September 30, 2021 will be available on the System for Electronic Document Analysis and Retrieval ("SEDAR") at www.sedar.com, on EDGAR at www.sec.gov/edgar.shtml, and on Vermilion's website at www.vermilionenergy.com. Highlights Fund flows from operations ("FFO") was $263 million in Q3 2021, an increase of 52% from the prior
CALGARY, AB, Oct. 18, 2021 /PRNewswire/ - Vermilion Energy Inc. ("Vermilion", "We", "Our", "Us" or the "Company") (TSX:VET) (NYSE:VET) is pleased to announce the appointment of Mr. James J. Kleckner Jr. to our Board of Directors. Mr. Kleckner has more than 35 years of experience in various executive and senior leadership roles. He was most recently Chief Executive Officer of Jagged Peak Energy with a focus on production and development in the Permian Basin, achieving production of approximately 50,000 boe/d prior to it being acquired by Parsley Energy. Prior to that, Mr. Kleckner held a number of executive positions with Anadarko Petroleum Corporation, including Executive Vice President, I
CALGARY, AB, Sept. 8, 2021 /PRNewswire/ - Vermilion Energy Inc. ("Vermilion", "We", "Our", "Us" or the "Company") (TSX:VET) (NYSE:VET) announces today the appointment of Dion Hatcher as President effective January 1, 2022. He will replace Curtis Hicks, Vermilion's current President, who will step down and continue as an advisor to the Company until April 1, 2022. Lorenzo Donadeo will continue in his current role as Executive Chairman. Vermilion would like to thank Mr. Hicks for his significant contributions to the Company. He first joined Vermilion in 2003 as Executive Vice-President and Chief Financial Officer and retired in 2018. He returned from retirement in 2020 to assist in repositi
CALGARY, AB, April 28, 2021 /PRNewswire/ - Vermilion Energy Inc. ("Vermilion", "We", "Our", "Us" or the "Company") (TSX:VET) (NYSE:VET) is pleased to announce the voting results from our annual meeting of shareholders held on April 28, 2021. A total of 40,454,887 common shares representing 25.46% of Vermilion's issued and outstanding common shares were voted in connection with the meeting. The vote on each matter was conducted by ballot. The manner in which the proxies were voted or ballots cast, as applicable, in respect of each matter is set out below. 1. Ordinary resolution to approve fixing the number of directors of Vermilion to be elected at the Meeting at eight (8). Votes For Votes
CALGARY, AB, Jan. 18, 2021 /PRNewswire/ - Vermilion Energy Inc. ("Vermilion", "We", "Our", "Us" or the "Company") (TSX,NYSE: VET) is pleased to announce its 2021 exploration and development ("E&D") capital budget and associated production guidance. Highlights E&D capital budget of $300 million is a balanced and disciplined budget focused on maximizing returns and free cash flow ("FCF")(1) to facilitate debt reduction. Annual average production guidance of 83,000 to 85,000 boe/d reflects a transition to a more efficient, level-loaded capital program. At the midpoint of production guidance and using the January 13, 2021 commodity strip, Vermilion expects to generate in excess of $200 mil
CALGARY, AB, Dec. 23, 2024 /PRNewswire/ - Vermilion Energy Inc. ("Vermilion", or the "Company") (TSX:VET) (NYSE:VET) is pleased to announce it has entered into an arrangement agreement (the "Arrangement Agreement") to acquire Westbrick Energy Ltd. ("Westbrick"), a privately held oil and gas company operating in the Deep Basin, for total consideration of $1.075 billion by way of a plan of arrangement under the Business Corporations Act (Alberta) (the "Acquisition"), expected to close in Q1 2025(1). "The strategic acquisition of Westbrick represents a significant step forward in Vermilion's North American high-grading initiative to increase operational scale and enhance full-cycle margins in
CALGARY, AB, Dec. 19, 2024 /PRNewswire/ - Vermilion Energy Inc. ("Vermilion", or the "Company") (TSX:VET) (NYSE:VET) is pleased to announce its 2025 budget, an 8% dividend increase and strong Germany well test results. Highlights 2025 capital expenditure budget of $600 – $625 million includes drilling and infrastructure capital allocated across all major business units, including ongoing drilling and debottlenecking on the BC Montney asset and drilling capital allocated to European gas exploration and development in Germany, the Netherlands, and Central and Eastern Europe.2025 production guidance of 84,000 – 88,000 boe/d represents 2% growth at the mid-point compared to original 2024 product
CALGARY, AB, Nov. 6, 2024 /PRNewswire/ - Vermilion Energy Inc. ("Vermilion", "We", "Our", "Us" or the "Company") (TSX:VET) (NYSE:VET) is pleased to report operating and condensed financial results for the three and nine months ended September 30, 2024. The unaudited interim financial statements and management discussion and analysis for the three and nine months ended September 30, 2024 will be available on the System for Electronic Document Analysis and Retrieval Plus ("SEDAR+") at www.sedarplus.ca, on EDGAR at www.sec.gov/edgar.shtml, and on Vermilion's website at www.vermilionenergy.com. Highlights Q3 2024 fund flows from operations ("FFO")(1) was $275 million ($1.76/basic share)(2), rep
CALGARY, AB, Nov. 6, 2024 /PRNewswire/ - Vermilion Energy Inc. ("Vermilion") (TSX:VET) (NYSE:VET) is pleased to announce a cash dividend of $0.12 CDN per common share, payable on January 15, 2025 to all shareholders of record on December 31, 2024. This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada). About Vermilion Vermilion is an international energy producer that seeks to create value through the acquisition, exploration, development and optimization of producing assets in North America, Europe and Australia. Our business model emphasizes free cash flow generation and returning capital to investors when economically warranted, augmented by value-adding a
CALGARY, AB, Oct. 23, 2024 /PRNewswire/ - Vermilion Energy Inc. ("Vermilion", "We", "Our", or the "Company") (TSX:VET) (NYSE:VET) will release its 2024 third quarter operating and condensed financial results on Wednesday, November 6, 2024 after the close of North American markets. The unaudited interim financial statements and management discussion and analysis for the three and nine months ended September 30, 2024 will be available on the System for Electronic Document Analysis and Retrieval ("SEDAR") at www.sedarplus.ca, on EDGAR at www.sec.gov/edgar.shtml, and on Vermilion's website at www.vermilionenergy.com. Conference Call and Webcast Details Vermilion will discuss these results in a
CALGARY, AB, Sept. 10, 2024 /PRNewswire/ - Vermilion Energy Inc. ("Vermilion", "We", "Our", or the "Company") (TSX:VET) (NYSE:VET) is pleased to provide an operational update on key projects. In Germany, we successfully completed testing operations for our first deep gas exploration well drilled earlier this year. The well was completed in the Rotliegend zone at a depth of approximately 5,000 meters and flow tested at a restricted rate of 17 mmcf/d(1) of natural gas with a wellhead pressure of 4,625 psi. Given the high pressure reading from this well, we believe deliverability would have been higher without testing equipment limitations. These results are very encouraging and validate our in
CALGARY, AB, July 31, 2024 /PRNewswire/ - Vermilion Energy Inc. ("Vermilion", "We", "Our", "Us" or the "Company") (TSX:VET) (NYSE:VET) is pleased to report operating and condensed financial results for the three and six months ended June 30, 2024. The unaudited interim financial statements and management discussion and analysis for the three and six months ended June 30, 2024 will be available on the System for Electronic Document Analysis and Retrieval Plus ("SEDAR+") at www.sedarplus.ca, on EDGAR at www.sec.gov/edgar.shtml, and on Vermilion's website at www.vermilionenergy.com. Highlights Production during Q2 2024 averaged 84,974 boe/d(8) (53% natural gas and 47% crude oil and liquids), co
CALGARY, AB, July 31, 2024 /PRNewswire/ - Vermilion Energy Inc. ("Vermilion") (TSX:VET) (NYSE:VET) is pleased to announce a cash dividend of $0.12 CDN per share, payable on October 15, 2024 to all shareholders of record on September 27, 2024. This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada). About Vermilion Vermilion is an international energy producer that seeks to create value through the acquisition, exploration, development and optimization of producing assets in North America, Europe and Australia. Our business model emphasizes free cash flow generation and returning capital to investors when economically warranted, augmented by value-adding acquis
CALGARY, AB, July 8, 2024 /PRNewswire/ - Vermilion Energy Inc. ("Vermilion", "We", "Our", or the "Company") (TSX:VET) (NYSE:VET) will release its 2024 second quarter operating and condensed financial results on Wednesday, July 31, 2024 after the close of North American markets. The unaudited interim financial statements and management discussion and analysis for the three months ended June 30, 2024 will be available on the System for Electronic Document Analysis and Retrieval ("SEDAR") at www.sedarplus.ca, on EDGAR at www.sec.gov/edgar.shtml, and on Vermilion's website at www.vermilionenergy.com. Conference Call and Webcast Details Vermilion will discuss these results in a conference call an
CALGARY, AB, May 1, 2024 /PRNewswire/ - Vermilion Energy Inc. ("Vermilion") (TSX:VET) (NYSE:VET) is pleased to announce a cash dividend of $0.12 CDN per share, payable on July 15, 2024 to all shareholders of record on June 28, 2024. This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada). About VermilionVermilion is an international energy producer that seeks to create value through the acquisition, exploration, development and optimization of producing assets in North America, Europe and Australia. Our business model emphasizes free cash flow generation and returning capital to investors when economically warranted, augmented by value-adding acquisitions. Ver
BMO Capital Markets downgraded Vermilion Energy from Outperform to Market Perform
BMO Capital Markets resumed coverage of Vermilion Energy with a rating of Outperform
TD Securities upgraded Vermilion Energy from Hold to Buy
Desjardins upgraded Vermilion Energy from Hold to Buy
Desjardins downgraded Vermilion Energy from Buy to Hold
Canaccord Genuity initiated coverage of Vermilion Energy with a rating of Buy
TD Securities downgraded Vermilion Energy from Buy to Hold
JP Morgan upgraded Vermilion Energy from Neutral to Overweight
Scotiabank downgraded Vermilion Energy from Sector Outperform to Sector Perform
JP Morgan upgraded Vermilion Energy from Underweight to Neutral