Unidentified Questioner 1's questions to Vermilion Energy Inc (VET) leadership • Q1 2024
Question
An unidentified questioner asked about the operating environment in Europe, particularly Germany, and inquired about the reasons for Vermilion's stock underperformance despite strong business fundamentals.
Answer
President and CEO Anthony Hatcher explained that Germany is pragmatic about its need for natural gas, creating a favorable environment for Vermilion's projects. Regarding stock performance, he acknowledged headwinds like the now-expired European windfall tax and the previous downtime of the Australian unit. Hatcher expressed confidence that with these issues resolved and a robust return of capital program in place, the company's improved fundamentals will eventually be reflected in the stock price.