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.

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Vermilion Energy Inc.

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Comment by WheresMeGoldon May 28, 2020 12:26am

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Post# 31081281

RE:Scenario where WTI goes negative again

Sorry Moe, but as usual you are wrong again. Back in April I said the July contract may be most vulnerable. Even though the link below is a month old I still recommend opening it and listening to the interview.

WheresMeGold wrote: I recommend anyone who is or is thinking of investing in anything oil to listen to the podcast link I have provided. A scenario that is described could lead to negative priced WTI in the coming weeks or months. Points made include:

USO and other ETP’s (similar to ETF’s) have been purchased increasingly by retail investors, many unsophisticated (think of people like Moe).

Tomorrow USO will execute a 1 for 8 reverse spit. A price around $17 will be even more appealing than just over $2 to unsophistocated investors (think of Moe again).

USO and other ETP’s provide a tremendous amount of liquidity to oil futures. Each month they roll their paper futures with paper sellers.

With storage near capacity oil producers in the US are having trouble selling their products to spot buyers. At the same time producers want to avoid the high cost of shutting down their wells and capping them.

Producers are selling their production to USO and other ETP’s at a higher price than spot. However, unlike paper sellers these producers are going to deliver physical crude. In fact they NEED to unload their crude and it becomes the ETP’s responsible to eventually find a physical buyer.

This all can create an imbalance like we saw earlier this month. July contracts settled in June may be most vulnerable.

https://www.macrovoices.com/podcasts-collection/macrovoices-hot-topic-podcasts/836-hot-topic-14-crude-oil-black-swan-alert-with-jim-bianco