RE:Vermilion the PigLook at their presentation, They are very well placed for an eventual OIl price recovery
Shorter term the 45 % gas production is constructive , especially european gas which should pull up due to strong pricing in Asia. $10 is a good possibility later next year.
As I have stated elsewhere without new money coming into the industry via equity or loans .then cash flows across the industry will need to more than double in order to restore drilling to the necessary levels to stem the decline in production capabilities,