Vermilion Energy VET

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I am curious if you think the stock can rebounce.
Down ~90%… and specifically has a yield of <43%. Is that sustainable for a company, to pay such a dividend? worth buying beofre ex date?
Thank!

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Asked on October 4, 2020 9:12 pm
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Hi JJ,

Be very careful with the data on Yahoo Finance - I have found it quite unreliable in the past. This is especially true of dual-listed companies like VET.

Mat

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Posted by Mathieu Litalien
Answered on October 5, 2020 5:37 am
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Thanks Mat!
I was posted yesterday on Yahoo Finance. Just checked now,- dividebd is gone as you mentioned!
Got it, not touching!

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Posted by YARON FINKELSTEIN
Answered on October 5, 2020 4:44 am
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HI JJ,

Vermillion Energy has certainly had a tough year (along with most oil and gas stocks). Unfortunately, the outlook for oil isn't great and it may take some time for these companies to see a meaningful rebound. Given this, we are actively avoiding the entire sector.

In terms of VET, it cut the dividend twice this year before outright suspending it in mid-April. Since the company has not yet re-instated the dividend, it's current yield is 0% - where are you getting your information from?

Mat

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Posted by Mathieu Litalien
Answered on October 5, 2020 4:29 am
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