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Bullboard - Stock Discussion Forum 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... see more

TSX:VET - Post Discussion

Vermilion Energy Inc. > Windfall Tax
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Post by DukesMtl on Sep 17, 2022 12:07pm

Windfall Tax

This is nothing more than politicians trying to look like they are doing something about Europes energy crisis. The energy industry had deep pockets and lawyers that would contest this sillyness and it will never pass! Where would that end? Windfall taxes on every industry moving forward as the government causes crisis here and there? Total nonsense and nothing more than political posturing for a crisis caused by politicians and sanctions.

Only answer is to lift the sanctions on Russia.

Europe is in big trouble!
Comment by Overertune on Sep 17, 2022 1:55pm
It is ridiculous but they are doing it in a couple of Europe countries (Italy etc). I never understand why companies agreed to pay for it.  This is against constitution. Nothing but robery.  
Comment by stockmarket1 on Sep 17, 2022 5:27pm
This is only happening because of the Russia / Ukraine threat, otherwise, this tax scheme would have never been introduced imho. As someone here stated earlier. They tried a similar scheme in the 80's and that pretty much fell flat on their faces. They see a mass " cash grab " opportunity so why not reach for it. Politics and nothing more. How many E&P companies actually support ...more  
Comment by stockmarket1 on Sep 17, 2022 5:29pm
This is only happening because of the Russia / Ukraine threat, otherwise, this tax scheme would have never been introduced imho. As someone here stated earlier. They tried a similar scheme in the 80's and that pretty much fell flat on their faces. They see a mass " cash grab " opportunity so why not reach for it. Politics and nothing more. How many E&P companies actually support ...more