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. > impairment

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Comment by TJPatrol1on Aug 05, 2020 1:01pm

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Post# 31367612

RE:RE:impairment

sclarda wrote: leo101 wrote

from the md&a:

For the six months endedJune 30, 2020, a net loss of $1,389.8 million was recorded compared to net earnings of $41.6 million for the comparableperiod in 2019. The decrease in net earnings was primarily due to impairment charges as we recorded $1.3 billion of impairment in 2020 (net of$0.4 billion income tax recovery). The decrease in net earnings was also a result of lower fund flows from operations driven by decreases in realizedprices due to the impact of COVID-19 and the OPEC+ price war.

also interesting is the increased % of capital expenditures in the u.s.

when i first saw the AA rating, i equated it with a bond rating but it's a sustainability rating and i would guess that it has everything to do with eliminating the dividend.

i would bet that the fool from new brunswick who boasts of his large position in vermillion has not read the md&a, i would also bet that his puppet master has not read it.

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I dont think the imbecile can actually read to be honest. And then he is busy out in the backwoods of New Brunswick living his "Alternative Lifestyle."

Bah, Bah, Bahhhhhhhhhhhhhh