Vermilion Energy Inc

He said to get out last year and he still feels you should get out. -61% in terms of value from his model price. The dividend is not safe. There are no earnings here and it could fall another 50% again next year.

The big question remains the big dividend. On the plus side, they are diversified internationally. Any bounce in oil will benefit VET a lot. Their balance sheet is fine. He expects them to continue share buybacks, but are phasing out their DRIP program.

Management has stated the dividend is safe as they would rather not grow to protect it. Unfortunately there as less and less investors wanting to buy into the space, because pipeline development is not being supported by government. There are too many other opportunities globally. Fundamentally the company is fine, but he is not sure this is the space to invest.

Dividend safe? The stock has come down because of doubts over that dividend. Also, VET has invested around the world, sowing confusion among investors--What kind of company are you? The 14% yield makes him doubt.

(A Top Pick Dec 17/18, Down 23%) The volumes came down in the quarter. There is a question about dividend sustainability at $50 oil. He likes the stock. There is significant upside in the stock. $36 is his target in a $70 oil price environment. Buy during tax loss season.

He has a $35 target. VET is one of the few oil stocks he has, but he doesn't like oil in general.

The management team has done a great job and maintained their dividend. Now their dividend is being called into question like never before. They can pay it at these levels. Even if they cut the dividend, they have strong assets across the globe and the dividend would still be good.

Energy is trying to stabilize. VET has been in a long downtrend and trying to base around $18. As long as it doesn't fall below that point, VET is worth nibbling away now (add exposure) and hold for a year or two. He has a very long-term view on markets.

Buy for Yield? He would not buy here. Although the dividend is juicy, he thinks oil producers will fair better. VET still commands a higher multiple than other plays, so he sees better choices out there.

The company says it won’t cut dividends. The cash flow is sufficient to do this. Operations are more significant in Europe which is a safer region and they’ve been able to operate in difficult political environments without any problems.

High dividends scare him. VET's is 14%. Maybe energy ticks up so you can own this. But maybe don't buy this because the dividend is so high. There are so many moving parts to energy stocks--Saudi Aramco will suck up a lot of capital. Also, institutional investors don't want to own fossil fuels.

For some of his income focused accounts he holds VET. He thinks the dividend is safe. He still believes in management. There have been some operational issues, but overall they seem to be doing well. He was concerned about their acquisition of Saskatchewan assets a year ago -- increasing in Canada was going away from their foreign asset strategy. Yield 14%

One of the better operators, but they missed earnings recently. It is cheap on almost all measures, but its cash flow is marginal, so it does meet his criteria. A huge yield, but an equally high payout ratio (141%). He thinks they should cut the dividend and buy back shares until the ship is righted again. Yield 13.7%

An internationally diversified company with operations in Europe. Pays a high 14% dividend. Well-managed. Likes it very much. Higher risk/reward. We need a better global energy environment that would certainly help VET.