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 Apr 08, 2020 7:04am

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Post# 30889378

RE:" Moisty" Trudeau bringing oil patch releif ?

VET is very poorly hedged in 2020 from every company presentation I’ve seen and it gets even worse in the second half of this year. I’d love to see someone present a piece of company literature or a presentation that says otherwise.

And if VET really said it can remain profitable at $15 oil then that’s even more delusional than when they assured investors a few months ago that its dividend was safe. It doesn’t matter if the dividend and capex are both cut to zero, VET cannot break even at $15 oil. I don’t think VET said that though as it’s absurd on so many levels. JMHO. GLTA.

juniorbullalive wrote: Dont count on it . This guy is as anti oil and is incompetent as they get . Look how the Liberals butchered the Weed rollout ( that game is over ,and I mean game ) Vermillions stock action though is telling you something . Theyre hedged over 70 for the next several months , and the recent Brent pop to $35 likely allowed a locking in of profitable prices for several more months . Keep in mind , VET has stated that they can be profitable down to $15 a barrel with limited capex and reduced dividend - And the natural gas pricing is of course localized and prices are very stable which is a large part of Vets business model . As oil drilling is reduced the supply of Nat gas will drop sharply and prices will spike . Demand for Air conditioning in the stay at home world will explode . My year end target is $16 . The Calgary boys who loaded up $2.50 -$3 are using the tag line " Make a million with Vermillon" And as the barenaked ladies ( my favorite way ) sang:

ell, I’d buy you a house
(I would buy you a house)
And if I had a million dollars
(If I had a million dollars)
I’d buy you furniture for your house
(Maybe a nice chesterfield or an ottoman)
And if I had a million dollars
(If I had a million dollars)
Well, I’d buy you a K-Car
(A nice reliant automobile)