Unidentified Questioner 5's questions to Vermilion Energy Inc (VET) leadership • Q1 2024
Question
An unidentified questioner asked if the company would consider other forms of capital return, such as special dividends, instead of just share buybacks.
Answer
President and CEO Anthony Hatcher stated that while it's a possibility, it is not being considered at the current time. He explained that given the current valuation, where management believes the stock price is below the company's intrinsic value, share buybacks are the best allocation of capital. He noted that if the stock price were to become more aligned with their view of its value, other options could be considered.