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CALGARY, AB, July 8, 2026 /PRNewswire/ - Vermilion Energy Inc. ("Vermilion", "We", "Our", or the "Company") (TSX: VET) (NYSE: VET) is pleased to announce that the Toronto Stock Exchange ("TSX") has approved the notice of Vermilion's intention to commence a normal course issuer bid ("NCIB") through the facilities of the TSX, New York Stock Exchange and other alternative trading platforms in Canada and the United…

NEW YORK--(BUSINESS WIRE)--Clarion Partners, a leading real estate investment manager and partially owned subsidiary of Franklin Templeton, Vermilion Development, a full-service real estate investment and development company, and Quartz Lake Capital, a private equity real estate investor and manager, announce the opening of The Duncan, a 309-unit multifamily community located within a federally-designated…

Vermilion Energy is downgraded to Buy after a >100% rally, with valuation less asymmetric but still attractive. VET's portfolio shift toward long-life European gas assets and improved capital efficiency supports robust free cash flow and shareholder returns. Despite substantial hedging (~50% of 2026 production), VET trades at a >16% FCF yield and targets a $16/share fair value, implying 30% upside.

Vermilion Energy remains a Strong Buy, with significant upside supported by a fundamental transformation and attractive valuation. VET's 5-year plan targets C$1.7B cumulative excess FCF, 8–10% annual production per share growth, and substantial net debt reduction. Recent results show strong C$97.7M FCF, 25% YoY cost reduction/boe, and sustainable capital returns despite derivative-driven paper losses.

Vermilion Energy has shifted focus to natural gas, projecting 70% of 2026 production from gas, but this has muted near-term cash flow upside. VET's stock rallied 96% over the past year, outperforming peers, yet underperformed over a multi-year horizon. Q1 2026 saw solid cash flow, with C$98M free cash flow and the company reported a C$146M net loss mainly from C$301M in unrealized hedging losses.