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Vermilion challenges and inspires employees to achieve their best every day – with a trusted management team and a diversity of assets to help you deliver results.Together, we’ve created over 20 years of above average shareholder returns, thanks to an approach that focuses on developing high quality assets with consistent production growth to support a long-term dividend growth model.
There is opportunity here. We’ve been named one of Canada’s Best Workplaces by the Great Place to Work® Institute for the 8th year in a row. This award reflects the spirit of dedication and collaboration that our staff bring to Vermilion every day, and the high performing culture that results from those efforts. Congratulations to our Canadian staff and thanks for all you do!
A Great Place To Work
For eight years in a row, Vermilion has been recognized by the Great Place to Work® Institute as a Best Workplace. The program recognizes leading organizations worldwide, and is the world’s largest and most respected study of workplace excellence practices.
Our operations in these eligible countries have all earned recognition as a Best Workplace:
Canada and France since 2010,Netherlands since 2014 (first year of eligibility)
Vermilion is targeting production of approximately 69,000 – 70,000 boe/d in 2017 (10% growth over 2016) through the exploitation of both conventional and unconventional resource plays in North America, including Cardium and Midale light oil and Mannville liquids rich natural gas, the exploration and development of high impact natural gas opportunities in the Netherlands and Germany, and through oil drilling and work over programs in France and Australia. In addition, Vermilion’s 18.5% non-operated interest in the Corrib gas field is expected to contribute to that growth. First gas production was achieved on December 30, 2015. Vermilion’s ongoing reserve and production growth is anticipated to come from a combination of development drilling, reservoir optimization and well-timed strategic acquisitions. The long term goal is to deliver balanced growth and income to investors.
Vermilion increased its monthly dividend 7.5% in January 2014 to Canadian $0.215 per share and remains focused on providing shareholders with steady growth and a reliable and growing dividend. Combined these attributes are expected to provide shareholders with an attractive high yield investment over the long term. Employees and directors of Vermilion hold approximately 6.5% of the outstanding shares and are dedicated to consistently delivering superior rewards for all stakeholders, featuring an 20-year history of market out-performance. Vermilion is listed on the Toronto Stock Exchange and the New York Stock Exchange under the symbol VET.The name originated from Alberta’s Vermilion Lakes, a reflection of their reddish ochre waters. The strong colour of Vermilion, which is made up of red, orange and yellow, reflects a vibrant energy company brightening shareholders portfolios through distinctive assets and strategic depth.
he members of the management team average more than 25 years of operating experience. Two of the three co-founders reside on Vermilion’s Board of Directors.From 2012 through 2016, Vermilion has generated a 5-year compound average rate of return of 8.7% (not including reinvestment of dividends) as compared to a peer group average of -6.2%.,Vermilion’s board of directors has been consistently recognized for superior corporate governance.