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.

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Comment by WheresMeGoldon Mar 16, 2020 7:11am

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Post# 30811518

RE:Use this as an opportunity to buy quality stocks

And to my point of the level of hysteria, I defy anyone to demonstrate how coronavirus is worse than the seasonal flu. For the US alone as of February 29 the seasonal flu has killed approximately 20,000 people, including over 100 children. Show me how coronavirus is deadlier and deserves the reaction it has gotten. I’d love someone to explain how coronavirus is anything other than a bad flu (even though it has killed less than 70 in the US thus far and no children, suggesting it might not even be that bad) and why we are crushing the global economy over it.

But I predicted this and my suggestion on how to handle it now is in the post below. JMHO. GLTA.

https://www.advisory.com/daily-briefing/2020/03/10/flu-update

WheresMeGold wrote: I told you a couple of months ago that coronavirus would have a deep impact on global GDP. I was mocked and ridiculed. I told you energy stocks would be most affected. That was met with even more mocking and ridicule. I told you VET had an unsustainable dividend that needed to be significantly cut and a mess of a balance sheet. A bunch here had me shut down from posting for a week for emphasizing that.

So I have been 100% spot on. I also have been telling people to keep money in the sidelines to avoid investment losses and to use this as an investment opportunity at the right time. On Wednesday of last week I said the opportunity has now come and to systematically invest in the market over the next 7-10 trading days. I still stand by this.

The hysteria has gone beyond beyond my wildest dreams and I expected a lot of hysteria. I defy anyone to demonstrate how coronavirus numbers are worse than the seasonal flu. But the extreme overreaction is what it is. Never underestimate the stupidity of politicians and bureaucrats. And never underestimate the stupidity of people to give politicians and bureaucrats too much power to do too much and wreak havoc.

Hopefully you heeded my earlier advice and have plenty of dry powder. As I told you earlier, buy quality companies with excellent balance sheets. VET is not one of them. MX is my personal favorite.

JMHO. GLTA.