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 Sadie222on Mar 07, 2020 7:42pm

80 Views

Post# 30779790

RE:RE:RE:Lashing

It’s already a problem for some. Repair parts for vehicles and machinery can be unavailable now.

Fantome wrote:

crow27 wrote: Okay, lets do the math with COVID-19. It is killing 3.4% of the people who get infected. The flu is killing .1% of the people that get infected (not 1% but .1%).
These are easily talked about numbers that anyone can find.
So if only 30% of the worlds population catch this virus and lets say there are aprox 8 billion people in the world then this kills aprox 80 million people this year alone.
Remember the flu never infects those numbers and the percentage of peopls who die of the flu is very,very low (.1%). Comparing this to the flue is like saying I want to compare the size of a ant to an over sized elephant.
Do you really think the markets around the world are collapsing because it's just a flu bug.
At 20% of the world catching this that translates into 54 million deaths in 2020.
They are also saying 20 to 30% catching this is low,low ball numbers. And by the way, not sure if you know this but there is no cure.
You starting to see the light ........................... it's a frieght train coming straight at you.
That's why everything is getting turned upside down.

I really don't think the market is reaxcting to your hypothetical math regarding potential deaths world-wide.

The market is reacting to massive supply chain disruptions caused by the virus in China....look again ta the sateltite pics I posted earlier showing nobody on the expresswaysn in Wuhan and the Wuhan airport is deserted....read again my post a while ago where I provided intel from conacts in China where factories in Beijing (1200km from Wuhan) are closed to prevent the virus from spreading through the HVAC system....Wuhan has 11 millionpeople (ie one-third then population of Canada) and is a an industrial centre..

These supply chain issues are going to affect production in factories in the US and Europe if the situation lasts much longer...evidence is mounting that this is going to become a reality.

When production in the second largest economy in the world is significantly curtailed...this is going to have a broad world-wide economic impact....while people dying because of the virus is a terrible thing....the reality is that the market couldn't really give a cat's a$$ about that...

This is what the market is worried about!!! and reacting to...not a hypothetical 80 million people dying that you suggest in your post..