Vermilion Energy Inc. (VET)

[DandyDon]

They suspended their monthly dividend today! "-Vermilion Energy Inc. announces that its Board of Directors has suspended our monthly dividend until further notice. In view of our determination to reduce debt within the current commodity environment, we are suspending our monthly dividend until further notice following the payment of the March dividend of $0.115 previously declared for payment today." That is a game changer. I must revise my thinking about VET. Not only will it take a dive after the dividend is paid today, the dive may go to as low as $2. "Until further notice" is the only hope that remains for this stock. Your guess is as good as mine if this board of directors will reinstate the dividend as the price of oil climbs. All four bigs, OPEC, Russia, US and Mexico will be cutting their production by an historic 20% or more. The price of oil and gas will be increasing back up to around $80+/bbl in my opinion, making VET quite profitable again. Will it restore the dividend? If you think it will, then the $2/share, or thereabouts, is a major bargain. If not, then who knows where a fair price will be for VET. It's gamblin' time at the VET!