Vitesse Energy raises dividend to $0.525/share, targets 13-14k boepd in 2024, and benefits from increased crude oil swap contracts.

9.2%-yielding Vitesse Energy raises its dividend from $0.50 to $0.525 per share, and annualizes at $2.10. The oil and gas company targets oil and natural gas production growth to 13,000-14,000 barrels of oil equivalent per day in 2024. With increased crude oil swap contracts, Vitesse benefits from reduced downside risk, making it an attractive choice for income-seeking investors interested in the oil market.

August 11, 2024
3 Articles