VETMF Vermilion Energy Trust featured news, full reports, and detailed charts
Vermilion Energy Trust (VETMF/VETMF.PK) Wrap Up:
Vermilion Energy Trust operates as an open-end unincorporated investment trust. The company, through its subsidiary, Vermilion Resources, Ltd., engages in the acquisition, development, exploration, and production of oil and natural gas in Canada, France, the Netherlands, and Australia. Vermilion Energy Trust was founded in 2002 and is headquartered in Calgary, Canada.Vermilion Energy Trust (VETMF:OTC)
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Market Cap
2.2B
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Total Revenue
579.0M
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EBITDA
370.0M
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DILUTED EPS TTM
1.07
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P/E
28.2x
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P/S
4.1x
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Return On Asset
3.78
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Return On Equity
10.10
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| K = Thousands M = Millions B = Billions | ||
VETMF Top Compensated Officers
Executives, Board Directors
Key developments for Vermilion Energy Trust (VETMF)
Vermilion Energy Trust reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported net earnings and comprehensive income of CAD 17.83 million or CAD 0.25 per diluted share on revenue of CAD 126.94 million compared to net earnings and comprehensive income of CAD 86.95 million or CAD 1.22 per diluted share on revenue of CAD 210.37 million for the same period last year. Earnings before income taxes and other items was CAD 22.68 million compared to CAD 116.07 million for the same period last year. Cash flows from operating activities was CAD 88.30 million compared to CAD 168.25 million for the same period last year. Fund flows operations was CAD 69.31 million or CAD 0.89 per basic share compared to CAD 131.83 million or CAD 1.73 per basic share for the same period last year. Capital expenditures were CAD 50.78 million compared to CAD 37.40 million for the same period last year. For the nine months, the company reported net earnings and comprehensive income of CAD 62.60 million or CAD 0.87 per diluted share on revenue of CAD 396.17 million compared to net earnings and comprehensive income of CAD 215.43 million or CAD 3.03 per diluted share on revenue of CAD 688.21 million for the same period last year. Earnings before income taxes and other items was CAD 80.13 million compared to CAD 318.76 million for the same period last year. Cash flows from operating activities was CAD 146.13 million compared to CAD 517.15 million for the same period last year. Fund flows operations was CAD 223.22 million or CAD 2.86 per basic share compared to CAD 441.58 million or CAD 5.78 per basic share for the same period last year. Net debt was CAD 439.97 million compared to CAD 222.19 million for the same period last year. Capital expenditures were CAD 119.21 million compared to CAD 105.97 million for the same period last year.
Vermilion Energy Trust reported interim operating and unaudited financial results for the three and nine month periods ended September 30, 2009. The company recorded production of 30,418 boe/d in the third quarter of 2009, compared to 32,238 boe/d recorded in the second quarter of 2009. Subsequent to the end of the quarter, Vermilion issued 7,282,000 trust units at $30.90 per unit generating net proceeds of $213.8 million. The proceeds of the equity offering will be used to reduce bank indebtedness which will leave Vermilion in a strong financial position to take advantage of future acquisition opportunities.
Vermilion Energy Trust announced the cash distribution of $0.19 per trust unit payable on November 16, 2009 to all unitholders of record on October 30, 2009. The ex-distribution date for this payment is October 28, 2009.
VETMF Competitors
| Company | Last | Change |
| BreitBurn Engy PtnrLP CmmnUnt Rprstg Ltd | $11.30 USD | -0.04 |
| EV Energy Partners LP | $25.10 USD | -0.10 |
| Legacy Reserves LP | $17.13 USD | -0.10 |
| Linn Energy LLC | $24.49 USD | -0.01 |
| Pioneer Southwest Energy Partners LP | $20.73 USD | +0.48 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | VETMF | Industry Range |
| Price/Earnings | 28.2x |
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| Price/Sales | 4.1x |
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| Price/Book | 2.9x |
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| Price/Cash Flow | 7.0x |
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| TEV/Sales | 3.4x |
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VETMF |
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VETMF transactions
| Type Date |
Target |
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Merger/Acquisition
September 17, 2009 |
Verenex Energy Inc. |
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Merger/Acquisition
June 24, 2009 |
Working Interest in Corrib Field |
More Recent News About Vermilion Energy Trust
More news for VETMF
Vermilion Energy Trust Announces $0.19 Cash Distribution for December 15, 2009 Payment Date and Exchangeable Share Ratio Increase
CALGARY, Alberta--(BUSINESS WIRE)--Vermilion Energy Trust (VET.UN – TSX) is pleased to announce the cash distribution of $0.19 per trust unit payable on December 15, 2009 to all unitholders of record on November 30, 2009. The ex-distribution date for this payment is November 26, 2009. Vermilion has paid cumulative distributions per unit totalling $14.23 since inception as a Trust in January 2003. Exchangeable Share Ratio InformationUpon conversion to a Trust in January 2003, some holders of shares in the predecessor company, Vermilion Resources Ltd., opted to hold exchangeable shares in place of Vermilion Energy Trust units. The following information applies only to those exchangeable shareholders and does not affect Vermilion Energy Trust unitholders.The increase to the Exchange Ratio of the Exchangeable Shares of Vermilion Resources Ltd. will be from 1.77804 to 1.78954. Details used in the calculation of the Exchange ratio can be found on our website at http://www.vermilionenergy.com/ir/exchangeableshares.cfm or by contacting Vermilion’s Investor Relations Department at (403) 269-4884.The increase will be effective on November 16, 2009. A “Notice of Retraction†must be received by Co...Click here to read the whole Article (external link)
Vermilion Energy Trust Reports Third Quarter Results for the Three and Nine Month Periods Ended September 30, 2009
CALGARY, Alberta--(BUSINESS WIRE)--Vermilion Energy Trust (“Vermilion†or the “Trustâ€) (TSX – VET.UN) is pleased to report interim operating and unaudited financial results for the three and nine month periods ended September 30, 2009. Third Quarter Highlights:Conference Call and Audio Webcast Details:Vermilion will discuss these results in a conference call to be held on Friday, November 6, 2009. The conference call will begin at 9:00 AM MST (11:00 AM EST). To participate, you may call toll free 1.877.407.9205 (North America) or 1.201.689.8054 (International). The conference call will also be available on replay by calling 1.877.660.6853 (North America) or 1.201.612.7415 (International) using account number 286 and conference ID number 333653. The replay will be available until midnight eastern time on November 13, 2009.You may also listen to the audio webcast by clicking http://www.investorcalendar.com/IC/CEPage.asp?ID=149991 or visit Vermilion’s website at ...Click here to read the whole Article (external link)
Vermilion Enters into Voting Agreement Supporting the Definitive Arrangement Agreement between Verenex and the Libyan Investment Authority
CALGARY--(BUSINESS WIRE)--Vermilion Energy Trust (“Vermilion†or the “Trustâ€) (VET.UN - TSX) is pleased to announce that Verenex Energy Inc. (“Verenex") (VNX – TSX), in which Vermilion holds 18,760,540 common shares representing a 41.9% equity ownership position (38.0% on a fully diluted basis), has entered into a definitive arrangement agreement (the “Agreementâ€) with the Libyan Investment Authority (the “LIAâ€) pursuant to which the LIA, through a subsidiary, has agreed to acquire all of the Verenex shares issued and outstanding upon completion of the transaction at a price per share in cash equal to $7.09 plus an additional amount per share (the "Working Capital Amount" and, together with the $7.09 offer price, the "Cash Purchase Consideration") to be determined by the Board of Directors of Verenex and the LIA at the time of completion of the transaction based on the aggregate amount, if any, of positive net working capital in Verenex at such time (determined on a pro-forma basis in accordance with the provisions of the Agreement). It is a condition to the completion of the transaction that such pro-forma closing working capital amount not be negative. Based on preliminary estimates agreed to by the LIA, Verenex expects the Working Capital Amount to be a nominal amount of approximately $0.15 per share, assuming completion of the transaction in mid-December. The final determination of the Working Capital Amount is subject to a number of factors, primarily the period of time for completion of the transaction, the rate of ongoing expenditures (primarily general and administrative expenses) and closing costs. Holders of Verenex in-the-m...Click here to read the whole Article (external link)
Vermilion Energy Trust Announces $0.19 Cash Distribution for November 16, 2009 Payment Date and Exchangeable Share Ratio Increase
CALGARY, Alberta--(BUSINESS WIRE)--Vermilion Energy Trust (VET.UN – TSX) is pleased to announce the cash distribution of $0.19 per trust unit payable on November 16, 2009 to all unitholders of record on October 30, 2009. The ex-distribution date for this payment is October 28, 2009. Vermilion has paid cumulative distributions per unit totalling $14.04 since inception as a Trust in January 2003. Exchangeable Share Ratio InformationUpon conversion to a Trust in January 2003, some holders of shares in the predecessor company, Vermilion Resources Ltd., opted to hold exchangeable shares in place of Vermilion Energy Trust units. The following information applies only to those exchangeable shareholders and does not affect Vermilion Energy Trust unitholders.The increase to the Exchange Ratio of the Exchangeable Shares of Vermilion Resources Ltd. will be from 1.76706 to 1.77804. Details used in the calculation of the Exchange ratio can be found on our website at http://www.vermilionenergy.com/ir/exchangeableshares.cfm or by contacting Vermilion’s Investor Relations Department at (403) 269-4884.The increase will be effective on October 15, 2009. A “Notice of Retraction†must be received by Compu...Click here to read the whole Article (external link)
Vermilion Energy Trust Announces $0.19 Cash Distribution for October 15, 2009 Payment Date and Exchangeable Share Ratio Increase
CALGARY, Alberta--(BUSINESS WIRE)--Vermilion Energy Trust (VET.UN – TSX) is pleased to announce the cash distribution of $0.19 per trust unit payable on October 15, 2009 to all unitholders of record on September 30, 2009. The ex-distribution date for this payment is September 28, 2009. Vermilion has paid cumulative distributions per unit totalling $13.85 since inception as a Trust in January 2003. Exchangeable Share Ratio InformationUpon conversion to a Trust in January 2003, some holders of shares in the predecessor company, Vermilion Resources Ltd., opted to hold exchangeable shares in place of Vermilion Energy Trust units. The following information applies only to those exchangeable shareholders and does not affect Vermilion Energy Trust unitholders.The increase to the Exchange Ratio of the Exchangeable Shares of Vermilion Resources Ltd. will be from 1.75534 to 1.76706. Details used in the calculation of the Exchange ratio can be found on our website at http://www.vermilionenergy.com/ir/exchangeableshares.cfm or by contacting Vermilion’s Investor Relations Department at (403) 269-4884.The increase will be effective on September 15, 2009. A “Notice of Retraction†must be received by Computershare by September 21, 2009 to ...Click here to read the whole Article (external link)