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.

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Vermilion Energy Inc. > I'm out and dumped all shares

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Comment by EstevanOutsideron Dec 02, 2020 11:56am

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Post# 32018201

RE:RE:RE:RE:RE:I'm out and dumped all shares

Trican is right now focused 95% gas-liquids work in the Montney and Deep Basin. All we need is for liquids pricing to improve which is my projection based on a tigh C5+ differential with rising condensate demand required to fill new Line 3 pipes + Keystone + Enbridge optimization increases given last year and into 2021.

I think Trican will be a top winner here because their fleet is suited for high intensity plays and their top customers is currently Tourmaline.

So if oil demand/activity picks up in Viking/Bakken/Cardium it will be icing on the cake at a time liquids demand and pricing plus natural gas drilling is projected to improve.

Trican is my largest holding and I have been adding to it since March. Stil underwater but no plans to sell before $5.

Moemoney42 wrote: Got to admit Trican chart is looking like a strong base was built and a good trend is in place... don't think you can go wrong with that trade long term..?

Moemoney42 wrote: That's exactly why I'm staying.. the Nat Gas assets are what will maintain cash flow while oil (WTI) gets back to over $50 and when it does this company will be a cash cow to milk.. as are many others with a relatively good balance sheet at $50 WTI

EstevanOutsider wrote: Go ahead. I added MEG and Trican with the proceeds. I hope Vermilion recovers but I have very little faith in the management and think the company is under poor guidance. If we ever see meaningful insider buying or deleveraging by asset sales in Europe, I might be interested again.