Acquisition ImpactThe acquisition of Lucero Energy enabled the company to increase the base dividend by ~7%, de-lever the balance sheet, and add operated flexibility.
Dividend StrategyThe key appeal of the story remains an outsized dividend yield that looks to return more than 100% of excess cash to shareholders using current strip prices.
Future GrowthVTS expects continued non-op production growth in 2025 with the mix of organics and inorganics, reflecting a contribution from the recently completed acquisition of LOU.