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.

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Comment by WheresMeGoldon Feb 24, 2020 5:58pm

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Post# 30728171

RE:International travel being curtailed significantly

United Airlines just withdrew its 2020 forecast. Its stock is getting hit hard after-hours. Expect other airlines to do the same. Expect energy companies do so as well as the coronavirus pandemic is going to have an incredible deflationary effect. JMHO. GLTA.

https://www.google.com/amp/s/business.financialpost.com/pmn/business-pmn/united-airlines-withdraws-2020-forecast-on-coronavirus-uncertainty/amp

WheresMeGold wrote: Companies throughout the globe are curtailing or restricting corporate travel not only to China but to much of Southeast Asia and now the Middle East. You can expect this to be extended to parts of Europe soon.

Vacation travel is going to shrink tremendously. There is serious talk of postponing, canceling, or moving the summer Olympics. That’s the level of fear that isn’t going to dissipate anytime soon. Perhaps shareholders of energy companies can at least be thankful they don’t have their money in airlines because that’s about the only industry more vulnerable.

I’ve been spot on with this. Energy companies need to adjust to the new business environment they face. Hopefully VET starts conserving cash in the best interests of its shareholders. JMHO. GLTA.

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