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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 RiverCartelon Feb 06, 2023 5:11pm
365 Views
Post# 35270420

RE:RE:If you are a seller today, you lose..

RE:RE:If you are a seller today, you lose..I was told I was wrong when I loadup up on VET under $6 CDN, I was told by many "oil was dead"; I have been in and out fully at 38.50ish and recently back in at 23.50ish Some laughed at me when I told them to dump their Crypto when BTC was at 50k as it was going to 200k many believed. So as much as I listen to advice of others, I have managed "ok" by thinking things through logically. The sky only falls so far and then the sunlight breaks through for profitable companies. WTI isn't at 30$/barrel, nor will it go there in near term with increased Chinese demand and enconomies still bouncing back from lockdowns (barring any global crisis). VET is still quite profitable at these NG prices. I generally beleive that the reaction to windfall taxes and NG prices are slightly overblown, however the current price is never wrong, picking bottoms is fools errand. In three months from now, I do expect to be on the right side of this trade (unlike Eric). It will form a bottom, more funds will jump back in as profits hit the books, SRP buybacks kick in, buybacks continue...Check in with me come mid may...
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