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Vermilion Energy Inc T.VET

Alternate Symbol(s):  VET

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

Comment by Commr51bkdon Mar 06, 2021 11:01am
157 Views
Post# 32736037

RE:LIne 5

RE:LIne 5Oldnagger wrote:

"The only realistic alternative to the closing of line 5 would be to reactivate the old Portland Pipeline system and reverse Line 9 once again but that would yield only 240 Kbpd versus 540 kbpd required"

I am not an authority on the Canadian pipeline network, but you might find this article interesting re alternatives to line 5:


https://energynews.us/2021/02/04/in-pushing-for-line-5-shutdown-bad-river-band-points-to-alternative-route/

In particular, the article provides an interesting map and makes reference to "line 61":

"Line 5 is part of a network of Enbridge pipelines called the Lakehead System. As Line 5 cuts east and then south around Lake Michigan, Line 61 runs south from Superior into Illinois before connecting with smaller lines that cross Indiana and Michigan and ultimately reach the same destination: Sarnia, Ontario.


Line 61 is newer and larger — the 42-inch pipeline was completed in 2009 and has already undergone multiple upgrades and expansions. The line carries about 996,000 barrels per day to Pontiac, Illinois — about 75% of its capacity."

Is this consistent with your observations about the Portland link?
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