Last C$70.53 CAD
Change Today -0.33 / -0.47%
Volume 56.1K
As of 11:27 AM 08/28/14 All times are local (Market data is delayed by at least 15 minutes).

vermilion energy inc (VET) Snapshot

Open
C$70.55
Previous Close
C$70.86
Day High
C$70.80
Day Low
C$70.32
52 Week High
06/20/14 - C$78.24
52 Week Low
08/28/13 - C$55.21
Market Cap
7.5B
Average Volume 10 Days
489.0K
EPS TTM
C$2.69
Shares Outstanding
106.6M
EX-Date
08/27/14
P/E TM
26.2x
Dividend
C$2.58
Dividend Yield
3.58%
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.

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 September 15, 2014

Vermilion Energy Inc. announced a cash dividend of CAD 0.215 per share payable on September 15, 2014 to all shareholders of record on August 29, 2014. The ex-dividend date for this payment is August 27, 2014. This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada).

Vermilion Energy Inc. Reports Unaudited Consolidated Earnings and Production Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Production and Capital Expenditure Guidance for the Year 2014

Vermilion Energy Inc. reported unaudited consolidated earnings and production results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported petroleum and natural gas revenue of CAD 358.671 million compared to CAD 296.166 million, earnings before income taxes of CAD 107.178 million compared to CAD 165.087 million, net earnings of CAD 53.993 million or CAD 0.50 per diluted share compared to CAD 106.198 million or CAD 1.04 per diluted share, cash flows from operating activities of CAD 149.592 million compared to CAD 179.074 million, drilling and development of CAD 117.975 million compared to CAD 75.005 million, exploration and evaluation of CAD 17.098 million compared to CAD 3.113 million and fund flows from operations of CAD 216.076 million compared to CAD 174.592 million for the last year. For the six months, the company reported petroleum and natural gas revenue of CAD 715.830 million compared to CAD 589.952 million, earnings before income taxes of CAD 275.428 million compared to CAD 267.981 million, net earnings of CAD 156.781 million or CAD 1.49 per diluted share compared to CAD 158.335 million or CAD 1.56 per diluted share, cash flows from operating activities of CAD 327.830 million compared to CAD 369.786 million, drilling and development of CAD 286.815 million compared to CAD 254.525 million, exploration and evaluation of CAD 44.633 million compared to CAD 12.689 million and fund flows from operations of CAD 421.439 million compared to CAD 338.221 million for the last year. Net debt as on June 30, 2014 was CAD 1,168.998 million compared to CAD 674.368 million as on June 30, 2013. The company achieved average production of 52,089 boe/d during the second quarter of 2014, an increase of 12% as compared to 46,677 boe/d in the prior quarter and an increase of 22% compared to 42,813 boe/d in the second quarter of 2013.  Increased production was largely attributable to a 27% increase in Canadian production versus the prior quarter, led by robust performance in both Mannville condensate-rich natural gas and Cardium light-oil development programs, which achieved production increases of 50% and 17% respectively.  For the six months, the company announced total production of 49,398 boe/d compared to 40,772 boe/d in last year. Based on the continued strength of operations during the second quarter of 2014, the company is increasing full-year 2014 production guidance from the current range of 48,000-49,000 boe/d to 48,500-49,500 boe/d. The company currently anticipate full year 2014 capital expenditure to total approximately CAD 650 million, an increase from previous guidance of CAD 635 million. The company's objective remains to produce ratable annual production growth at the consolidated company level of approximately 5% to 7% per year before consideration of acquisitions or Corrib's future impact. Combined with Corrib's anticipated contribution to production and cash flow streams, the company currently expects to grow at a rate of approximately 16% per year between 2013 and 2016, and have average production exceeding 63,000 barrels a day in 2016. Similarly, funds flows from operations are expected to grow at a rate of more than 18% per year during that time.

Vermilion Energy Mulls Acquisitions

Vermilion Energy Inc. (TSX:VET) intends to pursue acquisitions. In a message to shareholders, the company said, "While we are confident that the assets in our current portfolio contain significant opportunity for growth for years to come, we also find ourselves uniquely positioned to advantageously grow and further diversify our opportunity base through potential acquisition activity in both North American and international markets."

 

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