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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

Post by prestedon Nov 08, 2021 11:31am
249 Views
Post# 34100009

The perceived threat of EVs

The perceived threat of EVsA couple of interesting things made me question the significance of EVs and the future of O&G.
   One article pointed out that many EVs have their charge up nozzle on the drivers side of the car! Meaning the cord would not reach round the car.
  The other was the guy in London who ran out of power in a lulti-levelparking garage and as a result there was a 2 hour delay in getting all the cars out. Turns out the guage that tells you how much power you have left is subject to huge inaccuracies depending upon whether you have the heater or AC on and a variety of other factors.
    So what? The US and CAnada are vast countries where, unlike Europe, we need to drive long distances on a regular basis. Ergo, electric cars wont cut it for us.
   I realise EVs are not the sole reason for O&G prices, but if it is a factor, it is one that has not been clearly examined. 
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