Any preference on buying on the TSX or NYSE? Surprisingly seems like volume is higher on the US listed stock than the Canadian and IBKR charges a lot more commissions on TSX purchases. I just went with $VET vs $VET.TO but willing to hear reasons to go Canadian.
Don't you think that interest eats a lot of the reported CF? They pay 1 billion CAD to get 110 million CAD of CF. How much will remain after paying interest on debt?
Benchmark rates in Canada are down to 3%, the existing fixed debt is at very reasonable rates. I would hope they would lock in something long term and low interest, but we will have to see how management handles capital structure.
Any preference on buying on the TSX or NYSE? Surprisingly seems like volume is higher on the US listed stock than the Canadian and IBKR charges a lot more commissions on TSX purchases. I just went with $VET vs $VET.TO but willing to hear reasons to go Canadian.
I went with the US listed as well. Ever since Canada deprioritized pensions investing in Canada, their stock market has no buyers
Thanks for confirming, Prof. Low volumes on top of the slowest time of the year…
I like the acquisition - have to wonder why vermilion has high lease operating costs per boe though
It's tough to operate in socialist countries like Canada and Europe
Don't you think that interest eats a lot of the reported CF? They pay 1 billion CAD to get 110 million CAD of CF. How much will remain after paying interest on debt?
Benchmark rates in Canada are down to 3%, the existing fixed debt is at very reasonable rates. I would hope they would lock in something long term and low interest, but we will have to see how management handles capital structure.
Thanks for the updated. Started my position yesterday!