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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 geemoneton Nov 13, 2021 9:49am
158 Views
Post# 34122925

RE:RE:RE:RE:Acqusition of 20,000 acres-may prove to be worth it

RE:RE:RE:RE:Acqusition of 20,000 acres-may prove to be worth itI do agree with you, I was miffed when they spent the 90 mill. But on the plus side it's adjacent to infrastructure. Won't need a new shop, won't need more operators, will have existing relationships with service contractors in the area. The only thing that makes this a bad decision is that we'd rather see the money spent on debt reduction. Just be thankful that they didn't do something like get land in Africa or South America to further expand their global empire. They picked up a nice lil money maker right next door. Long term it's a good decision. 
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