Vermilion Energy (ticker: VET) held its Q3 conference call this week, elaborating on its temporary withdrawal from the Netherlands, share buybacks, basin potentials and budget assumptions. Fund flows from operations (“FFO”) for Q3 2018 were $261 million ($1.71/basic share), an increase of 34% from the prior quarter (18% on a per share basis) driven by higher production volumes and higher commodity
From Bloomberg Study of oil explorers finds price, product mix drive stocks Shareholder returns show little correlation to share prices U.S. oil drillers started the year ushering in a new era of shareholder returns with promises of billions of dollars in share buybacks. To that they added debt repurchases, then shoveled money into drilling budgets as they raced to sink more wells. None
Evolution Petroleum Corp. (ticker: EPM) has built its foundation asset in the Delhi field in NE Louisiana. Delhi is a unique, producing asset that delivers positive free cash flow—consistently. The field is currently under CO2-EOR development. The company’s reserves report indicates that Evolution has approximately 10.8 MMBOE in total proved reserves as of June 30th, 2016. The Delhi field production
Many energy companies have elected to reduce or suspend dividends over the course of 2015, but not everyone. On March 29, 2016, SM Energy (ticker: SM; SM-Energy.com) announced that the board of directors had approved a semi-annual cash dividend of $0.05 per common share of stock outstanding. This equates to a $0.10 yearly dividend, and a dividend yield of 0.53%
Scrutinizing the Top Performing MLPs for Current Yield, Dividend Growth and Total Return Investment in MLPs gives investors a means of acquiring a substantial yield from their investment in a realm of trading that is largely targeted to the retail investor and not the institutional investor. Master Limited Partnerships focus on the benefits of tax structure while still possessing the
Despite the tumbling price of oil, Valero looks to sustain expenditures and continue to grow dividends Valero (ticker: VLO), the world’s largest independent refiner, released a presentation last week setting the company’s many objectives for 2015. In the face of the challenging market, Valero has implemented goals to maintain capital expenditures and grow dividends next year. In the company’s presentation,
Down more than 50% Year to Date Oil and gas companies are tightening the purse strings for 2015, as several news releases on guidance are showing capex declines of 20% or more. Commodity hedges may protect most companies from further capital deterioration for the time being, but repercussions from the oil price collapse will be truly felt once the hedge
Enbridge Inc. (ticker: ENB), the operator of the world’s longest crude oil transportation system, today announced a 33% increase to its next quarterly common share dividend, as well as a Canadian restructuring plan and corresponding new dividend payout policy range. These actions are intended to enhance the value to investors of the company’s organic growth capital program and enhance the
