Vermilion Energy recently reported Q120 production of 97.2kboed and fund flows from operations of C$170m. Even though the company has not observed a direct impact on its operations from COVID-19, results were already affected by the pandemic effects on global energy demand and current low commodity prices. In March, the board reduced the monthly dividend by 50% to C$0.115/share and announced a C$80–100m reduction to the annual capital budget. Subsequently, Vermilion suspended the monthl
05 May 2020
Vermilion Energy - Dividend suspended to protect balance sheet
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Vermilion Energy - Dividend suspended to protect balance sheet
Vermilion Energy Inc. (VET:TSE) | 0 0 (-0.4%) | Mkt Cap: 5,122m
- Published:
05 May 2020 - Author:
-
Pages:
10
Vermilion Energy recently reported Q120 production of 97.2kboed and fund flows from operations of C$170m. Even though the company has not observed a direct impact on its operations from COVID-19, results were already affected by the pandemic effects on global energy demand and current low commodity prices. In March, the board reduced the monthly dividend by 50% to C$0.115/share and announced a C$80–100m reduction to the annual capital budget. Subsequently, Vermilion suspended the monthl