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.

TSX:VET - Post by User

Vermilion Energy Inc.

Bullboard Posts

Comment by WheresMeGoldon Feb 27, 2020 7:47pm

163 Views

Post# 30744171

RE:Fragility of the Market

Fantome, I agree and have quite a bit of dry powder that I started to slowly put into the market right at the close. This drop offers opportunities particularly in sectors that were beaten up before coronavirus and that have been beaten up severely with coronavirus. Some may find this surprising but I believe there are some energy names that are becoming extremely cheap. No, VET is not an opportunity now.

But being patient with your cash cash is important now. Slowly pick off opportunities during this drop. JMHO. GLTA.

Fantome wrote: A couple ago I stated on a number of Boards that i was overweight cash..the main reasons i cited was the fact that if you look at the US....at that time..the 10 year Treasuries were in and around where they were at the height of the Great Recession and the US budgetary deficit was close to what it was under Obama as he dug the US out of the recession...none of these factors should be there during a long term recovery.

I also said at that time that i didn't know what the catalyst or Black swan event would be to give the market an excuse to go down..

Well we now have the virus fears.

Interestingly the print of the US 10 year Treasury is now 40 basis points below the lowest number we saw during the Great Recession...this is a cause for grave concern about where we are in terms of the market cycle and it also demonstrates that the Central Banks have very little flexibility to deal with an economic crisis

Further it also provides a window into the thinking of the major money people around the world..that they are prepared to bid up the price of US treasuries as a safe haven for their cash as opposed to putting their money into the stock market...