+ Watch VET
on My Watchlist
Significant dividend increases expected in the next couple of years.
New Production coming on in 2014
Great company, hedged contracts, oil, dividends
canadian energy producer. mf and tmfdeej liked it.
While I am somewhat familiar with Vermillion Energy as a former Global Gains Pick and a member of a sector that I used to follow, Canadian Royal Trusts, I haven't thought about it in some time...until I came across a short article on it by Roger Conrad about his favorite stocks for 2013.http://www.thestockadvisors.com/Main-Section/Top-stocks-2013-Vermilion.htmlMr. Conrad makes a strong case for the company, talking about how it has maintained its dividend after the Canadian government pulled the rug out from under the CANROY sector, and the company even recently increased it. He likes Vermillion's assets.The specific thing that caught my eye though is the fact that Vermillion plans to move its U.S. stock listing from the OTC market to the NYSE (ticker symbol VET) in the near future. While I know that this will have no impact upon the pure underlying value of the company, the listing of a stock on a major exchange often serves to cause its price per share price to rise as more investors become aware of it and more funds are allowed to invest in it. I suspect that will be especially true for a company that pays a solid dividend like Vermillion does. An implosion in the price of oil and possibly natural gas would naturally harm Vermillion's stock price, but one could always hedge that exposure out somewhat if they wanted to.I have no idea how the conversion of this stock from VEMTF to VET will happen in CAPS, but I'm adding it to my portfolio nonetheless.Deej
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