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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Post by WheresMeGoldon May 28, 2020 8:03am

199 Views

Post# 31081778

Told you May would be a disaster economically

Back in April I warned that May would not see a recovery many were expecting and that rehiring would not happen easily. This is exactly how it has played out.

And the article points out energy as being particularly hard hit. You can thank me for telling you this would also happen back in April.

June will also disappoint with energy continuing to suffer more than expected. Invest accordingly. JMHO. GLTA.

https://thehill.com/policy/finance/499804-fed-sharp-economic-decline-in-may-leaves-businesses-pessimistic-about-covid-19

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