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Vermilion Energy Inc. T.VET

Alternate Symbol(s):  VET

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

Comment by ronster65on Jul 17, 2021 11:12am
108 Views
Post# 33565106

RE:RE:Is this 4th wave fear?

RE:RE:Is this 4th wave fear?I belive we have reached that point where the consensus among pretty much everyone worldwide is that no economy, no matter how strong can afford another lock down. The mindest now is that there is a vaccine available and if your are the type of person who wants to exercis their right not to get vaccinated then you are that type of person who is willing to die for their principles. Darwinism is now in full effect. No politician has the guts to say it but we now live in that world and the evidence of stubborness based on propaganda is why the USA is having another major outbreak among NON-Vaccinated people. The world will roll on, people will drop dead or get sick and the world will still roll on. 
If you look at the price of Oil on April 20, 2020, Oil was being given away at -35.20 per barrel ( I took a screen shot of that to show my grandchildren one day as that was historical) and VET was trading at half what it is trading now. After 5 straight down days amid panic in the air once again, it was a no brainer to add to a position on Friday. Methanex increased their divvy and other companies are announcing divvies again, its only a matter of time now and I am sure when the earnings report comes out that VET paid off a pretty significat chunck of the debt!

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