“Those assets we take over were previously in production with less efficient and less emissions-conscious companies, and once we take them over, we substantially reduce emissions.” Though absolute emissions have grown as the company has expanded its market share over the years, Vermilion’s emissions reduction activities have contributed to reductions in emission intensity on a production basis.
“That is just what has happened here, quite rapidly over the last month, and even – in very rapid fashion – over the last couple of weeks with the air pocket in the economy, particularly in oil demand as a result of coronavirus.”. We and our partners will store and/or access information on your device through the use of cookies and similar technologies, to display personalised ads and content, for ad and content measurement, audience insights and product development. “What it really creates is a great deal of uncertainty, and that’s something that we have to take that into account, as well, when we set our dividend level.”, Canadian cannabis sector still growing despite supply glut two years after legalization, Aphria shares tumble after disappointing Q1 results, Aphria expected to report strong recreational cannabis sales growth in Q1, Our monthly payout is economically warranted: Vermilion Energy CEO, Vermilion Energy could slash dividend in half, analyst warns, Keith Richards discusses Vermilion Energy.
3 Beaten-Down Stocks Look Attractive, Aphria (TSX:APHA) Stock Plunges: Marijuana Industry in Trouble. There is the potential that the virus can tip the economy into recession; a number of economies were kind of on the brink already,” he said.
Reducing its emission intensity is vital for the company’s aims to reduce its environmental impact and to grow financial returns. It comes as no surprise, then, that the company has invested in sustainability as a way to stand out within the industry. 5 Stocks Under $49 (FREE REPORT). March 6, 2020 The Canadian Press. But Vermilion Energy is a low-cost operator that captures an average premium of around $1.25 per barrel to WTI. The stock appears to be cheap, it has a diversified business model that has been proven over decades, and the stock yields 28%. You can change your choices at any time by visiting Your Privacy Controls. For example, Vermilion is a key participant in an energy industry sustainability working group in Alberta. We do this because it is the right thing to do and, additionally, because it’s an incentive for us to keep on improving our sustainability performance,” says Marino.