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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 Oldnaggeron Aug 23, 2022 9:25pm
301 Views
Post# 34915904

The green hydrogen BS

The green hydrogen BSGermany does not need nor want green hydrogen from Canada !! After all green hydrogen does not require any fossil fuels. In fact the leading company for hydrogen manufacture by electolysis is Thyssen Krupp which is a German company. I presume that if the technology made economic sense then the  Germans would already be doing it , since their alternative is natural gas at very high prices.
It is really way past time for the king of the BS to step down. He is turning Canada into an international laughing stock !!
BTW who has bitten to buy green hydrogen technology ? Hydro Quebec recently agreed to build a 11000 metric tonne per year plant . The plant is to be built by Thyssen Krupp and the production is equivalent to about 150 thousand cubic feet per day. Which is miniscule by any definition !!
BTW , Thyssen Krupp is trying to sell off its electrolysis technology by packaging it in another entity to be sold as an IPO to the public !! All they need is some fool to step up to the plate to promote it !!
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