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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (58334)	8/26/2019 8:04:28 PM
From: Goose94	Read Replies (1) of 202400

Vermilion Energy (VET-T) top pick from Josef Schachter on BNN.ca Market Call Monday August 26th @ 1200ET Vermilion reported Q2/19 production of 103,003 boe/d (55 per cent liquids). In 2019 it should exceed 105,000 boe/d by year end. It has high netback production with free cash flow in Europe and a growing stable business in Canada. VET has a dividend of $0.23 per month or $2.76 annually for a current yield of 14.6 per cent. Vermilion should have cash flow of over $6.90 per share in 2019. While some investors are concerned about Vermilion cutting its dividend, we do not concur with this fear. VET has never lowered its dividend throughout its history, even when we had US$26 per barrel for WTI in February 2016. We have a $36 one-year target, so the total return is excellent for conservative income investors. We are investors in the stock and added to our holdings last week at $19.20 per share.

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