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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

Bullboard Posts
Comment by TickerTwiton Sep 14, 2019 12:51pm
97 Views
Post# 30127018

RE:RE:Huge Saudi processing facility struck by Houthis drones

RE:RE:Huge Saudi processing facility struck by Houthis dronesI had read it was a refinery in the first news flash I saw. Other stories are not specific about what is actually being shut down, just calling it "production". If anyone spots better detail, please post.
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TickerTwit wrote: This is a refinery, and a refinery is on the demand side of the crude-oil market. So, if it shuts down, then demand for crude falls. Therefore I expect the price for crude to fall; however, since it's in the Middle East it's subject to state-controlled dynamics.

I also expect I'll be wrong, as I usually am when I try to predict oil price. In base metals the logic above would hold true (loss of a base-metal refinery ALWAYS means the price paid for concentrate falls). But oil ... I'm not so sure.
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mnztr wrote:
Prices are gonna spike...


Bullboard Posts