Last C$52.69 CAD
Change Today +3.91 / 8.02%
Volume 1.5M
VET On Other Exchanges
Symbol
Exchange
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As of 3:54 PM 12/17/14 All times are local (Market data is delayed by at least 15 minutes).

vermilion energy inc (VET) Snapshot

Open
C$48.99
Previous Close
C$48.78
Day High
C$53.65
Day Low
C$48.12
52 Week High
06/20/14 - C$78.24
52 Week Low
12/10/14 - C$44.03
Market Cap
5.6B
Average Volume 10 Days
1.1M
EPS TTM
C$2.30
Shares Outstanding
107.0M
EX-Date
12/29/14
P/E TM
22.9x
Dividend
C$2.58
Dividend Yield
4.87%
Current Stock Chart for VERMILION ENERGY INC (VET)

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vermilion energy inc (VET) Details

Vermilion Energy Inc. is engaged in the exploitation, development, acquisition, and production of oil and natural gas in Australia, Canada, France, Ireland, and the Netherlands. As of December 31, 2013, it owned 70% of average working interest in 286,800 net acres of developed land, 569,300 net acres of undeveloped land, 347 net producing natural gas wells, and 307 net producing oil wells in Canada; and 96% working interest in 208,900 net acres of developed land, and 100% working interest in 344,900 net acres of undeveloped land in the Aquitaine and Paris Basins, as well as 316 net producing oil wells in France. The company also owned 53% working interest in 735,700 net acres of developed land, of which 95% is undeveloped, and 43 net producing gas wells in the Netherlands; a 100% working interest in the Wandoo block that covers an area of approximately 59,600 acres in Australia; and an 18.5% working interest in the offshore Corrib gas field comprising 6 offshore wells located off the northwest coast of Ireland. It has 54,857 barrels of oil equivalent (Mboe) of total proved reserves and 86,105 Mboe of proved plus probable reserves located in Canada; 36,230 Mboe of total proved reserves and 55,168 Mboe of proved plus probable reserves located in France; 6,186 Mboe of total proved reserves and 13,717 Mboe of proved plus probable reserves located in the Netherlands; 14,024 Mboe of total proved reserves and 19,463 Mboe of proved plus probable reserves located in Australia; and 17,655 Mboe of total proved reserves and 24,106 Mboe of proved plus probable reserves located in Ireland. The company was founded in 1994 and is headquartered in Calgary, Canada.

462 Employees
Last Reported Date: 03/7/14
Founded in 1994

vermilion energy inc (VET) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: C$497.5K
President and Chief Operating Officer
Total Annual Compensation: C$396.3K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: C$321.3K
Executive Vice President of People
Total Annual Compensation: C$260.6K
Executive Vice President of Business Developm...
Total Annual Compensation: C$314.7K
Compensation as of Fiscal Year 2013.

vermilion energy inc (VET) Key Developments

Vermilion Energy Inc. Announces Cash Dividend, Payable on January 15, 2015

Vermilion Energy Inc. announced a cash dividend of CAD 0.215 per share payable on January 15, 2015 to all shareholders of record on December 31, 2014. The ex-dividend date for this payment is December 29, 2014. This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada).

Vermilion Energy Inc. Provides Capital Expenditures and Production Guidance for the Year 2015

Vermilion Energy Inc. provided capital expenditures and production guidance for the year 2015. For the year, the company approved a capital program of $525 million for 2015, a decrease of $150 million (22%) from the company’s projected 2014 capital program expenditures of approximately $675 million. In light of the decrease in crude oil prices since mid-2014, the company has reduced its 2015 capital investment plans to ensure the continued strength of its balance sheet and the sustainability of the company’s dividend should weak oil prices prevail over a protracted period. Should commodity prices weaken significantly, the company has the flexibility to make further reductions in the company capital program. The diversity of the company’s project portfolio allows the company to shift the focus of its development program in response to changing commodity market conditions. Because of the recent drop in oil prices, its 2015 program will feature proportionately higher spending toward development of the company’s European gas opportunities. European gas price fundamentals remain strong and the company exposure will expand significantly in 2015 through the company’s strong drilling results in the Netherlands, its recent acquisition in Germany, the expected resumption of gas production in France, and the future initiation of production in Ireland. In addition, its capital program continues modest early stage investment on the company concessions in Hungary for gas-prone prospects. The company currently anticipates capital expenditures of $10 million in its recently established U.S. business unit in 2015. The company is planning a three (2.1 net) well drilling program targeting the oil-prone Turner Sandstone in the Powder River Basin in northeastern Wyoming. These wells will be follow-ups to the highly successful test well drilled and completed just prior to its acquisition of its Wyoming assets in the third quarter of 2014. The company’s Netherlands activity will be comprised of a three-well drilling program and the tie-in of five previously drilled wells. While the company has recently identified promising light oil projects on its land base in the Netherlands, its 2015 capital program will be entirely directed toward natural gas projects. The company anticipates capital expenditures of $7 million for the company German business unit in 2015. For the fiscal year 2015, the company announced that despite its decreased 2015 capital budget, the company’s continue to anticipate production growth of approximately 15% year-over-year and are maintaining the company’s previous outlook for average 2015 production volumes of 55,000 to 57,000 boe/d. This production guidance includes first gas from its Corrib gas field in Ireland beginning in mid-2015. Drilling activity will occur in all of the company’s business units in 2015, and the company expects all business units to achieve year-over-year production growth. In Canada, the company will see an overall decrease in spending and an investment shift from its Cardium light oil play to its Mannville condensate-rich natural gas project. The company’s Cardium development offers significant flexibility with high levels of operatorship and limited expiries. Development of the Cardium will continue in 2015, but at reduced activity levels compared with prior years. In 2015, the company currently anticipates drilling approximately 9 (3.9 net) new Cardium wells in addition to the completion, equip and tie-in of an additional 9.2 net wells drilled in 2014. In the Mannville, the company expects to drill or participate in approximately 30 (16.7 net) Mannville wells in 2015, a nearly 50% increase versus 2014. This increase in anticipated spending reflects the strong economics of the company’s Mannville opportunities in the current price environment, as well as the company’s anticipation of higher levels of partner-operated drilling proposals in 2015. The company’s Saskatchewan drilling activity for 2015 is expected to stay roughly flat year-over-year at approximately eight (6.4 net) wells as the company continues to improve completion results and generate strong returns on the assets the company acquired in April 2014. The company continues to anticipate first gas from Corrib in approximately mid-2015, with peak production estimated at approximately 58 mmcf/d (approximately 9,700 boe/d), net to Vermilion. The company expects Corrib to contribute approximately 3,800 boe/d to production during 2015.

Vermilion Energy Inc. Announces Cash Dividend, Payable on December 15, 2014

Vermilion Energy Inc. announced a cash dividend of CAD 0.215 per share payable on December 15, 2014 to all shareholders of record on November 28, 2014. The ex-dividend date for this payment is November 26, 2014. This dividend is an eligible dividend for the purposes of the Income Tax Act.

 

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VET

Industry Average

Valuation VET Industry Range
Price/Earnings 15.0x
Price/Sales 3.5x
Price/Book 2.4x
Price/Cash Flow 7.2x
TEV/Sales 2.5x
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