Vermilion’s acquisition of Spartan Energy has closed, and as such, we are off research restriction. We view the acquisition favourably noting that Vermilion was able to add another strong asset that can generate free cash flow to its portfolio. The Spartan acquisition satisfies Vermilion’s production and dividend growth model. The Spartan acquisition is immediately accretive to Vermilion with cash flow per share growth of 4% in 2018e (seven months of the year) and 12% in 2019e. Wi
28 May 2018
Vermilion closes Spartan acquisition; a steal of a deal
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Vermilion closes Spartan acquisition; a steal of a deal
Vermilion Energy Inc. (VET:TSE) | 0 0 (-0.4%) | Mkt Cap: 5,122m
- Published:
28 May 2018 -
Author:
Darren B. Engels -
Pages:
7
Vermilion’s acquisition of Spartan Energy has closed, and as such, we are off research restriction. We view the acquisition favourably noting that Vermilion was able to add another strong asset that can generate free cash flow to its portfolio. The Spartan acquisition satisfies Vermilion’s production and dividend growth model. The Spartan acquisition is immediately accretive to Vermilion with cash flow per share growth of 4% in 2018e (seven months of the year) and 12% in 2019e. Wi