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 Apr 15, 2020 10:32am

96 Views

Post# 30911463

RE:RE:We now have a hard number

Fantome, I think the gasoline sales drop of 17% you reference is gasoline retail sales in the month of March. Much of March was not under lockdown. April numbers will be much worse. This confirms my estimate of up to 50% demand destruction we are seeing presently.

WheresMeGold wrote: What time period does it cover? Thanks in advance.

Fantome wrote: The US Government published its retail sales numbers....

Gasoline sales were down 17%....