Vermilion Energy forecasts FCF above estimates, raises dividend; shares up

Vermilion Energy

19/12/2024 15:06

** Shares of integrated oil and gas firm Vermilion Energy
 VET.TO  up 5.1% at C$13.13
    ** Co forecasts free cash flow for 2025 above analysts'
estimates on future expansion and optimization plans at its
Montney facilities
    ** Sees 2025 FCF at C$400 million vs est C$330 million -
LSEG
    ** Co raises dividend by 8% to 13 Canadian cents per share,
effective with the Q1 2025
    ** Including sessions move, shares down 17.8% YTD

 (Reporting by Tanay Dhumal in Bengaluru)
 ((Tanay.Dhumal@thomsonreuters.com; 
Twitter: https://twitter.com/TanayDhumal))