Vermilion Energy Inc. T.VET

Alternate Symbol(s): VET

Energy Oil & Gas E&P

Vermilion Energy Inc. is a Canada-based international energy producer. The Company seeks to create value through the acquisition, exploration, development, and optimization of producing assets in North America, Europe, and Australia. Its business model emphasizes free cash flow generation and returning capital to investors when economically warranted, augmented by value-adding acquisitions. The Company’s operations are focused on the exploitation of light oil and liquids-rich natural gas conventional and unconventional resource plays in North America and the exploration and development of conventional natural gas and oil opportunities in Europe and Australia. The Company operates through seven geographical segments: Canada, the United States, France, Netherlands, Germany, Ireland, and Australia. In Canada, the Company is a key player in the highly productive Mannville condensate-rich gas play. It holds a 100% working interest in the Wandoo field, offshore Australia.

TSX:VET - Post by User

Vermilion Energy Inc. > Good Q3 imo, $83 million of FCF

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Post by EstevanOutsideron Nov 09, 2020 6:36am

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Post# 31860986

Good Q3 imo, $83 million of FCF

keep in mind, Euro gas prices will be almost double what they got in Q3 by Q1 and hopefully oil prices will be too.

Slight declines for a couple different reasons. Sounds like technical difficulty with some oil separator in Australia while they postponed bringing on a new well in Netherlands to take advantage of higher prices;

Meanwhile, they drilled two more wells in what I presume is their Mannville liquids rich play in Alberta as per their MD&A release.

Hope the shorts start tapping out today. We have oil prices on our side. I added more to take advantage of short positioning KO

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