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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 Citizen13on Nov 28, 2022 10:40am
264 Views
Post# 35133674

RE:RE:RE:"Inability to quantify windfall"

RE:RE:RE:"Inability to quantify windfall"I guess the worst case scenario is a moving target and that's why he didnt want to give false hopes . But at least suggest that's the current status. This is not only a Robin Hood situation , it's a communist /dictatorship move that IMO is 100% illegal.  Democracy should not allow for this type of power. The government should be minimal , like upkeeping infrastruture and providing safe water and sewage systems.  When did they aquire the power to destroy capitalism ?  Truly disturbing .  If you feel your energy bill is high then start ramping up alternative sources like mad. That will lower the price of fossil fuels as it has a viable competitor. That's how markets work. Supply/demand/ competition.  The eco terrorists and most governments have succeeded in stifling fossil fuel production and now they are paying the price . Be careful what you ask for.



prested wrote: You may have a point Citizen, but I think the CEO thought it could come back to bite him if he was later deemed to have given hope when none was warranted. Kind of damned if you or don't situation. I think also that the windfall came a bit out of the blue and they were still weighing the  effects. It is possible that by now the bigger guns have used their pull in the corridors of power, that small companies don't have, to make it very clear that this grab will not end well for the governments that introduce it. Not helping the SP today though is it? Hard to just sit and watch ones capital being destroyed because some politicos want to appear like Robin Hood to their hapless electorate.


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