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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Post by Quintessential1on Aug 17, 2022 11:19am

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Post# 34902132

Oil climbs $2 as U.S. crude stocks plunge on strong exports

At 425 million barrels the SPR should be able to withstand the 1 million barrel per day release until October 31 with plenty to spare but it will have to be put back.

"U.S. crude stocks (USOILC=ECI) fell by 7.1 million barrels in the week to Aug. 12 to 425 million barrels, according to data from the Energy Information Administration, versus analysts' expectations of a 275,000-barrel drop in a Reuters poll."

[url=Oil climbs $2 as U.S. crude stocks plunge on strong export demand][/url]

GLTA

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