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Vermilion Pres.: Canada, Ireland Projects Will Keep Cash Flowing

6/04/14 3:42 PM EDT
Vermilion Energy posted record production levels and cash flows in the first quarter and the company's president Anthony Marino expects the strong operating results to continue - and the stock price to push higher - as it increases its output in Western Canada. Marino says Vermilion's Irish project with Shell will come on line in mid-2015 and will substantially add to cash flow. He says natural gas prices in Europe will outpace those in America due to all the supply coming into the market. Finally, Marino says he intends to grow Vermilion's already healthy dividend going forward.
Stocks in this video: VETRDS-A
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