Vermilion Energy put forth another solid year-end report that was in line to slightly ahead of expectations on all fronts. In terms of the reserve report, the Company posted per share growth across all categories, while FD&A figures were well below three-year averages. There was no change to the Company’s dividend policy; however, Management has trimmed another $50 mm off the capital program in order to maintain the cash use to cash flow at or near 100% for 2016e at current strip pricing. With t ....

02 Mar 2016
Reports Year-End Results, Trims Capital Budget

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Reports Year-End Results, Trims Capital Budget
Vermilion Energy Inc. (VET:TSE) | 0 0 (-0.4%) | Mkt Cap: 5,122m
- Published:
02 Mar 2016 -
Author:
Michael Hearn -
Pages:
10 -
Vermilion Energy put forth another solid year-end report that was in line to slightly ahead of expectations on all fronts. In terms of the reserve report, the Company posted per share growth across all categories, while FD&A figures were well below three-year averages. There was no change to the Company’s dividend policy; however, Management has trimmed another $50 mm off the capital program in order to maintain the cash use to cash flow at or near 100% for 2016e at current strip pricing. With t ....