Latest news with #Vermilion
Yahoo
11 hours ago
- Yahoo
2 dead after plane crash near Vermilion Airport: RCMP
Federal investigators have been sent to Vermilion, Alta., after two people died Saturday in a plane crash near the local airport. The plane crashed about 1.2 kilometres short of the airport runway, just north of the town, killing the pilot and sole passenger, RCMP said. The pilot was a 46-year-old woman from Slave Lake, Alta. The passenger was a 76-year-old man from Mannville, Alta., police said. "Shock is going throughout the community," Shawn Jacula, a Vermilion resident and aviator, told CBC News. "It's something that is just unimaginable heartbreak for two families, two individuals who unfortunately lost their lives today, and it's difficult for everyone involved." The Transportation Safety Board of Canada (TSB) sent two investigators to Vermilion, which is roughly 175 kilometres east of Edmonton. The investigators will gather information and assess how the crash happened, according to a news release the agency issued Saturday. The TSB, an independent federal agency, examines air, marine, pipeline and rail transportation incidents to improve safety. Its investigations do not assign fault, nor determine liability. The crash occurred the same day Vermilion Airport was scheduled to hold an event for Alberta Air Tours, which visits rural communities to promote aviation. Alberta Air Tours had postponed the event until Sunday, the organization said on Facebook, due to poor weather. It then cancelled the event altogether out of respect after the crash.
CBC
11 hours ago
- CBC
2 dead after plane crash near Vermilion Airport: RCMP
Federal investigators have been sent to Vermilion, Alta., after two people died Saturday in a plane crash near the local airport. The plane crashed about 1.2 kilometres short of the airport runway, just north of the town, killing the pilot and sole passenger, RCMP said. The pilot was a 46-year-old woman from Slave Lake, Alta. The passenger was a 76-year-old man from Mannville, Alta., police said. "Shock is going throughout the community," Shawn Jacula, a Vermilion resident and aviator, told CBC News. "It's something that is just unimaginable heartbreak for two families, two individuals who unfortunately lost their lives today, and it's difficult for everyone involved." The Transportation Safety Board of Canada (TSB) sent two investigators to Vermilion, which is roughly 175 kilometres east of Edmonton. The investigators will gather information and assess how the crash happened, according to a news release the agency issued Saturday. The TSB, an independent federal agency, examines air, marine, pipeline and rail transportation incidents to improve safety. Its investigations do not assign fault, nor determine liability. The crash occurred the same day Vermilion Airport was scheduled to hold an event for Alberta Air Tours, which visits rural communities to promote aviation. Alberta Air Tours had postponed the event until Sunday, the organization said on Facebook, due to poor weather. It then cancelled the event altogether out of respect after the crash.
Yahoo
a day ago
- General
- Yahoo
Pilot and passenger die in plane crash near Vermilion, Alberta
VERMILION — A pilot and passenger have died in a plane crash near an airport in central Alberta. RCMP say they were dispatched to the crash shortly after noon on Saturday, and the plane was located approximately 1.2 kilometres short of the local airport runway in Vermilion, Alta. Police say there were two occupants in the plane — the 46-year-old female pilot who was a resident of Slave Lake, Alta., and a 76-year-old male passenger, a resident of Mannville, Alta. Neither survived the crash. Cpl. Gina Slaney said she did not know the aircraft type, but said it was small. Police say the Transportation Safety Board will be investigating what happened. This report by The Canadian Press was first published June 21, 2025. The Canadian Press Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CTV News
a day ago
- General
- CTV News
2 killed in plane crash in eastern Alberta
Transportation Safety Board of Canada (TSB) signage is pictured outside TSB offices in Ottawa, Monday, May 1, 2023. (THE CANADIAN PRESS/Sean Kilpatrick) Two people died in a plane crash in eastern Alberta on Saturday. The plane crashed shortly before 12:30 p.m. 1.2 kilometres short of the Vermilion Airport runway, according to local RCMP. It had only two occupants: the pilot, a 46-year-old woman from Slave Lake, Alta., and a passenger, a 76-year-old man from Mannville, Alta. The Transportation Safety Board is investigating.
Yahoo
14-06-2025
- Business
- Yahoo
1 Delicious Dividend Stock Down 24% to Buy and Hold Now
Written by Amy Legate-Wolfe at The Motley Fool Canada In a year marked by falling oil prices and market uncertainty, many investors are looking for safety first. It's not just about finding the highest dividend anymore. It's about finding the ones that can weather storms and keep paying. That's why dividend stock Vermilion (TSX:VET) deserves a closer look. It's down 24% from its 52-week high yet remains one of the more solid dividend options in the Canadian energy space. Vermilion isn't the biggest oil and gas producer in Canada, but it's one of the more diversified. It has assets not just in Alberta and Saskatchewan but also in Europe and Australia. This gives it access to premium-priced markets, particularly for natural gas, where prices in Europe tend to stay higher than in North America. That global footprint helps reduce the impact of local price swings and adds a layer of resilience. In its most recent earnings report for the first quarter of 2025, Vermilion posted revenue of $519.6 million. That was up from $457.2 million the previous year. The dividend stock returned to profitability after a weak end to 2024, reporting net income of $14.95 million. Earnings per share (EPS) came in at $0.10. While that missed analyst expectations, it reflected better production results and lower capital spending. More importantly, it showed that the business remains operationally sound even when oil prices dip. The dividend is what catches most investors' attention. Vermilion currently pays a quarterly dividend of $0.13 per share, or $0.52 annually.. For many income-focused investors, that's an appealing number, high enough to matter but not so high that it raises red flags. What makes it stand out is the sustainability behind it. In March, Vermilion raised its dividend from $0.12 to $0.13 per share. That decision didn't come lightly. The dividend stock has been focused on strengthening its balance sheet, including the sale of its U.S. assets in June for $120 million. Proceeds will be used to pay down debt. That adds flexibility and lowers risk heading into the rest of the year. Right now could, therefore, be the time to buy, as a $7,000 investment could bring in $347.88 annually! COMPANY RECENT PRICE NUMBER OF SHARES DIVIDEND TOTAL PAYOUT FREQUENCY TOTAL INVESTMENT VET $10.45 669 $0.52 $347.88 Quarterly $6,989.05 Debt reduction has become a key theme for Vermilion, especially after years of volatility in the energy market. Its current debt-to-equity ratio is sitting at a reasonable level, and interest coverage has improved. That tells us the dividend stock has breathing room. In short, it can keep paying dividends without borrowing to do so. What sets Vermilion apart is its disciplined approach. It doesn't overpromise, and it hasn't chased overly aggressive production targets. Instead, it focuses on free cash flow and long-term shareholder returns. When oil prices go up, it benefits. But it doesn't crumble when they fall. That's rare in the energy sector. The dividend stock has traded in a wide range this year, from as low as $7.29 to as high as $16.29. Today, it's closer to the bottom than the top. That suggests there may be upside, particularly if oil prices stabilize or rise. Analysts covering the dividend stock have an average price target of around $13, giving the stock roughly 25% room to grow. While there are no guarantees, it shows that the market sees value in the name. Investing in energy stocks always comes with risks. Prices are cyclical, and Vermilion is not immune to that. But with a global asset base, a reasonable yield, and a proven commitment to shareholder returns, it offers a lot to like. For investors looking for a mix of value, income, and safety, it's a dividend stock worth considering. The post 1 Delicious Dividend Stock Down 24% to Buy and Hold Now appeared first on The Motley Fool Canada. More reading Made in Canada: 5 Homegrown Stocks Ready for the 'Buy Local' Revolution [PREMIUM PICKS] Market Volatility Toolkit Best Canadian Stocks to Buy in 2025 Beginner Investors: 4 Top Canadian Stocks to Buy for 2025 5 Years From Now, You'll Probably Wish You Grabbed These Stocks Subscribe to Motley Fool Canada on YouTube Fool contributor Amy Legate-Wolfe has no position in any of the stocks mentioned. The Motley Fool recommends Vermilion Energy. The Motley Fool has a disclosure policy. 2025
