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. > Goldman targets ..

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Post by whoLuLuon Mar 08, 2022 10:41am

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Goldman targets ..

Goldman lifts oil price forecast to $135 for 2022, sees upside to $175

Mar. 08, 2022 8:35 AM ETUSO, XLE, XOM, SHELBy: Nathan Allen, SA News Editor41 Comments

Businessman analysis stock chart in crisis covid-19 for investment in stockmarket and finance business planning selective stock for Stockmarket crash and Financial crisis — primeimages/E+ via Getty Images

In a note from Goldman Tuesday, Analyst Damien Courvalin discussed the impact to oil markets from the war in Ukraine; as a result, the bank increased its base-case 2022 oil price forecast to $135 from $98.
"Given Russia's key role in global energy supply, the global economy could soon be faced with one of the largest energy supply shocks ever," wrote Damien.
Goldman's base-case price forecast assumes 1.6mb/d of Russian oil is removed from the seaborne market.
In the note, Goldman details a scenario whereby 2/3rds of Russian seaborne exports are removed from global markets, under the scenario Goldman estimates oil prices rise to $175 in 2022.
Investors in oil (NYSEARCA:USO) and oil producers like Shell (NYSE:SHEL), Exxon (NYSE:XOM) and others (NYSEARCA:XLE) are sure to be focused on energy sanctions and self sanctioning practices in coming days and weeks.
Goldman's upside case and upside oil price target look remarkably similar to JPMorgan's call, which sees $185 Brent if Russian seaborne exports are sanctioned.