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Rutuu · 11-17-2020, 01:31 PM

Vermilion (VET:TSX) nailed quite a few today. COO gone. Not surprising after they got the band back together. The whole business model was flawed pre-covid. Hard to run a REIT like structure with a rock solid dividend when your FFO is linked to a volatile commodity. The banks are culpable in keeping the charade going even if they made them cut the divvy.

Anyway it'll be curious to see what they do moving forward.

11-17-2020, 01:31 PM	#225
Rutuu First Line Centre Join Date: Jul 2002 Exp:	Vermilion (VET:TSX) nailed quite a few today. COO gone. Not surprising after they got the band back together. The whole business model was flawed pre-covid. Hard to run a REIT like structure with a rock solid dividend when your FFO is linked to a volatile commodity. The banks are culpable in keeping the charade going even if they made them cut the divvy. Anyway it'll be curious to see what they do moving forward. Last edited by Rutuu; 11-17-2020 at 01:57 PM.