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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 Konaboyon Nov 07, 2021 11:26am
184 Views
Post# 34097369

RE:RE:RE:WE ARE SO STUPID....

RE:RE:RE:WE ARE SO STUPID....Hmmmm ... first ICE in 1860's, making them a very ancient 160 years.  And surprisingly, nothing has materially displaced any of the market share.

Also noting that Ethanol is combustible, so technically an ICE.

I would agree that non-ICE's are the future, but I'm really hoping that something better comes along, and fairly soon.  I'm an IT guy, and for a couple of decades have seen continuous business cases for transitioning to more efficient operating models.  Started as mainframes, then to mid-tier, then consolidation on multi-service platforms.  Each shift cost an enormous amount of money and grief to get to.  And all of the IT people needed to be 'reprogrammed' to work in the new environment.  Summary observation is that you need to make a huge investment to get over the hump, as well as herd everyone through a cultural shift.  Not once was the cost estimated properly, and to be honest there was never even a material effort to address the change management.

In the case of moving to green, we tend to see a lot of analysis on how much carbon we will save my making the shift, but we are pretty short on solid business cases / case studies on how much we have to invest to get over the hump.  Let's talk about the amount of investment / environmental cost in energy/metals/plastics/forest for batteries, wind towers, electrical infrastructure, concrete dams, etc.  The US infrastructure bill is a drop in the bucket.  Not at all suggesting it is not worth it, just saying it should be talked about so we know what we are looking at. 

But then again if we did, people would lose their minds over changes required.  Good luck trying to take monster trucks out of the hands of the American people.  All this vaccination silliness is childs play compared to a non-ICE cultural shift.






mnztr wrote: No one knows what will happen in 2030. I doubt gas will be banned.But EVs are the future. Gasoline engines are really based on an ancient concept.


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