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. > There is no substitute for bankruptcy

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Comment by Citizen13on Nov 23, 2022 5:59pm

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Post# 35123464

RE:RE:RE:RE:RE:RE:RE:There is no substitute for bankruptcy

I'm not sure what world you live in but where I'm from every time the public sector goes on strike the government caves each and every time . Not a questtion of if, but when. And teachers are 1% as essential as energy is . Your asssesment that they'd nationalize is laughable . Maybe you live in Russia ? Then yes . Anyways, aint gonna happen . There are other examples of windfall taxes never making it to reality when the industry threatens very bad consequences . Lets hope they dont just fold here. I doubt they will.

McRambus wrote:

Citizen13 wrote: Not sure how the thievery of communist governments is the fault of VET management. What shocked me is that traders knew there would be some raiding of our cupboards and yet they were seemingly just side swiped by the news being reported by VET. Of course theyd have to stop buybacks and I'm surprised they didnt drop the dividend as they have to pay a bill soon , apparently.
If we are going to play the hypothetical dream game. I'd say all oil and gas should go on a strike to scare the hell out of these communists for a while . They would drop the ridiculous idea of windfall taxes in 2 days max and never speak of it again. Of course the main issue is OPEC wouldn't tax themselves and would not participate in said strike. They would laugh at the stupid minion governments, implementing these taxes and rightfully so.

McRambus wrote:

stockmarket1 wrote: If you feel that way then why don't you sell now and leave? And again, yes FCF will be huge but again...how much of that will be going to the windfall tax lol? Not 100%, that's for sure!

Ahh....the old 'why don't you sell and leave' post. This is a stockhouse classic whenever anyone questions their stock.

The reason I don't leave is the hope I can recover some of my 30% loss on this vile turd. I was lead to believe they would be returning money to shareholders. What I actually got is 16 cents in dividends with zero chance of getting anything more.

Your idea is wishful thinking.. This is where you under estimate the power of politicians. You think going on 'strike' gives VET or the industry any power? Don't think for a minute they'll let people freeze, starve or life come to a standstill. They will just nationalize the industry and confiscate all properties. You can't win.