Canada's main stock index fell sharply on Friday as investors continued to dump equities amid fears over the economic impact of the coronavirus, with energy stocks hurt by steep declines in oil prices. * The number of people infected with the new coronavirus across the world surpassed 100,000 on Friday as the economic damage intensified, with business districts beginning to empty. * Global equities continued their downward spiral as concerns over the economic impact of the virus showed no signs of abating, prompting a widespread rush into safe havens.
NEW YORK, NY / ACCESSWIRE / March 6, 2020 / Vermilion Energy, Inc. (VET) will be discussing their earnings results in their 2019 Fourth Quarter Earnings call to be held on March 6, 2020 at 11:00 AM Eastern ...
Vermilion Energy Inc. Confirms 2019 Year End Earnings and Reserves Release Date & Provides Conference Call and Webcast Details
Against the backdrop of a global pandemic, steep recession, intensifying U.S-China tensions and rising protectionism, the WTO needs to name a leader. Only the resilient should apply.
In the event that your pet needs medical care, what do you do? As with so many other aspects of life during a pandemic, getting veterinary care for your pet is a rapidly changing situation, one for which vets across the country have adapted. Read more...
One thing we could say about the analysts on Vermilion Energy Inc. (TSE:VET) - they aren't optimistic, having just...
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CALGARY , May 25, 2020 /CNW/ - Vermilion Energy Inc. ("Vermilion", "We", "Our", "Us" or the "Company") (TSX, NYSE: VET) announces that Anthony Marino has stepped down as President and Chief Executive Officer and as a director of the Company, effective immediately. Mr. Marino made many contributions to Vermilion during his eight-year tenure with the Company, including various improvements to the cost structure and associated capital efficiencies. Vermilion's Board of Directors (the "Board") would like to thank Mr. Marino for his contributions to the Company.
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Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Canada's main stock index hit a near five-month low on Thursday as the coronavirus' spread outside China ratcheted up risk aversion, while gold miners benefited from higher prices. * At 9:38 a.m. ET (14:38 GMT), the Toronto Stock Exchange's S&P/TSX composite index was down 290.11 points, or 1.7%, at 16,751.81. * The number of new infections in China was for the first time overtaken by fresh cases elsewhere, sending equity markets into a tailspin as investors rushed to safe havens.
Vermilion (VET) delivered earnings and revenue surprises of -116.67% and 5.03%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
In this overview, we’ll discuss the types of CVCs, the best way to approach each type and the key things to keep in mind during initial discussions.
Vermilion Energy Inc. ("Vermilion") (TSX, NYSE: VET) is pleased to announce a cash dividend of $0.23 CDN per share payable on March 16, 2020 to all shareholders of record on February 28, 2020. The ex-dividend date for this payment is February 27, 2020. This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada). As previously announced, we are phasing out the Dividend Reinvestment Plan ("DRIP") over the course of 2020. We will be prorating the available DRIP shares by 25% each quarter starting in Q1 2020, until completely eliminated in Q4 2020. The net market proration factor may differ slightly each month from the stated factor to ensure the total quarterly proration of 25% remains in-tact. For those investors that would like to continue reinvesting the cash portion of their dividends in Vermilion shares, we encourage you to contact your brokerage firm about setting up an automated reinvestment plan to purchase shares on the open market.
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Vermilion Energy Inc. ("Vermilion", "We", "Our", "Us" or the "Company") (TSX, NYSE: VET) announces that its Board of Directors has approved a reduction to our 2020 capital budget of $80 to $100 million and a reduction in our monthly dividend from $0.115 CDN per share to $0.02 CDN per share in response to the pronounced decline in global commodity prices. The new dividend amount will be implemented in the April dividend payable in May 2020.
Vermilion Energy Inc. ("Vermilion") (TSX, NYSE: VET) will release its 2020 first quarter operating and condensed financial results on Tuesday, April 28, 2020 after the close of North American markets. The unaudited financial statements and management discussion and analysis for the first quarter ended March 31, 2020 will be available on the System for Electronic Document Analysis and Retrieval ("SEDAR") at www.sedar.com, on EDGAR at www.sec.gov/edgar.shtml, and on Vermilion's website at www.vermilionenergy.com.
Moody's Investors Service (Moody's) affirmed Vermilion Energy Inc. (Vermilion)'s ratings, including its Ba3 Corporate Family Rating (CFR), Ba3-PD Probability of Default Rating (PDR) and B2 senior unsecured debt rating, changed the rating outlook to negative from stable and downgraded the Speculative Grade Liquidity (SGL) Rating to SGL-3 from SGL-2. "The negative outlook reflects the potential that Vermilion's credit metrics will come under pressure in 2020 , despite recent moves to improve cash flow by cutting its dividend" commented Moody's Analyst Jonathan Reid.
From March onward, Vermilion Energy (VET) prudently decreases its cash allocation to capex and dividends by C$520 million.
Vermilion Energy Inc. ("Vermilion", "We", "Our", "Us" or the "Company") (TSX, NYSE: VET) announces that its Board of Directors has suspended our monthly dividend until further notice.
Canadian oil and gas producer Vermilion Energy Inc (VET) has announced that Anthony Marino has resigned as President and Chief Executive Officer and as a director of the company, effective immediately.Shares in Vermilion have plunged 69% since the beginning of the year.During his eight years at VET, Marino made various improvements to the cost structure and associated capital efficiencies, the company stated.Instead of filling the role of chief executive, Vermilion has now re-established an Executive Committee made up of five senior executives from within the company.VET also announced that co-founder Lorenzo Donadeo will now take on the role of Executive Chairman, while Curtis Hicks is rejoining the company and has been appointed President. Hicks was Executive Vice-President and Chief Financial Officer of Vermilion from 2003 to 2018.“In these challenging times, Vermilion will redouble its focus on its core business principles that have served it well over its successful 26-year history. These principles are based on a conservative, long-term focus on balance sheet strength and capital discipline to generate strong returns” commented Lorenzo Donadeo, noting that Vermilion has provided shareholders with $40.20 per share of dividends over the last 17 years.Analysts are staying sidelined on VET’s prospects right now, with 11 recent hold ratings vs just 1 buy rating. Most worryingly, the average analyst price target suggests that shares will remain at these depressed levels for the coming months. (See Vermilion stock analysis on TipRanks)“We credit Vermilion with having pulled some big levers of late— cutting its dividend twice in March, then suspending it altogether in April in response to the collapse in oil prices. Along with reduced capital, these measures should reinforce the company’s sustainability as 2020 unfolds” comments RBC Capital analyst Greg Pardy.Despite appreciating Vermilion’s ‘good start in rough conditions’, Pardy maintains a hold rating and a one-year price target of $6 per share.Related News: Positive Exploration Results Could Drive Upside for Yamana Gold, Says Analyst AngloGold Halts Production At World’s Deepest Gold Mine, Due To Covid-19 Outbreak Tesla Asks China To Build Model 3 Cars With LFP Batteries – Report More recent articles from Smarter Analyst: * AutoZone Surprises with Business as Usual Quarter * Logitech Shares Lifted In Pre-Market On Share Buyback Plan, 10% Dividend Boost * Billionaire Ackman Exits Berkshire Hathaway, Blackstone To Fund Opportunities * HBO Max Launches, But Not Yet Available on Amazon, Roku Platforms
In the event that your pet needs medical care, what do you do? As with so many other aspects of life during a pandemic, getting veterinary care for your pet is a rapidly changing situation, one for which vets across the country have adapted. Read more...
In 2016 Tony Marino was appointed CEO of Vermilion Energy Inc. (TSE:VET). First, this article will compare CEO...
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Vermilion Energy Inc. ("Vermilion", "We", "Our", "Us" or the "Company") (TSX, NYSE: VET) is pleased to report operating and financial results for the year ended December 31, 2019 along with our 2019 reserves and resources information.
Giving Tuesday, a day on which people are invited to make charitable contributions to organizations they support and value, usually takes place on the Tuesday after Thanksgiving (after Black Friday, Small Business Saturday and Cyber Monday).Read more...
Date: May 28 at 4pm PT / 7pm ET Register join the live Zoom session. You can also just tune into our youtube channel to watch the panel live when it happens. This week’s Plan C Live program features PRINTtoPROTECT, a grassroots effort of local makers working …
CALGARY , April 28, 2020 /CNW/ - Vermilion Energy Inc. ("Vermilion", "We", "Our", "Us" or the "Company") (TSX, NYSE: VET) is pleased to report operating and condensed financial results for the three months ended March 31, 2020. The unaudited interim financial statements and management discussion and analysis for the three months ended March 31, 2020 will be available on the System for Electronic Document Analysis and Retrieval ("SEDAR") at www.sedar.com, on EDGAR at www.sec.gov/edgar.shtml, and on Vermilion's website at www.vermilionenergy.com. The decrease is primarily due to significantly lower commodity prices that began to materialize midway through the quarter in response to the COVID-19 pandemic and oil price war that ensued in early March.
Here's the information you need to know. Google and Apple partnered to launch their COVID-19 exposure tracking and notification system on May 20, raising a lot of questions in the process. People want to know how the system works, what it will mean to indivi…
As shutdown orders extend indefinitely, online shopping has become a lifeline for people forced to avoid the outside world. Often times opting to shop with a mega corporation like Amazon, Walmart or Target is the path of least resistance, but there are plenty…
Vermilion Energy Inc. ("Vermilion", "We", "Our", "Us" or the "Company") (TSX, NYSE: VET) is pleased to announce that at its annual meeting of shareholders held on April 28, 2020 each of the ten nominees were elected as directors of the Company.
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Institutional investors, portfolio managers, financial analysts, CIOs and other capital market professionals who invest in the energy space should register now for the EnerCom Dallas energy investment conference, which is coming to The Tower Club February 11-12 in downtown Dallas.
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