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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.


TSX:VET - Post by User

Vermilion Energy Inc
Bullboard Posts
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(18)
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Comment by Canoutchieon Nov 08, 2018 11:44pm
108 Views
Post# 28948244

RE:Capitulation Today

RE:Capitulation Today
CaptainConn wrote: No position but this is ugly. I like the company and have traded it several times in the past. Nervous to do so now....hasn't been this low in years and i have no clue where it will find support. GLTA those who do own it.


It's trading close to the historical low that it hit in 2016, when the price of oil was in the mid $20's

Would that not constitute support?

Yes, if it falls below the 2016 lows, then there might be trouble ahead, but somewhat confused by your comment, which I highlighted.

Care to elaborate?

For disclosure, I'm looking for an entry point, and picked up a few shares today.

I'm expecting a bottom around $30, give or take a few dollars - which matches 2016 lows.

So, unless oil totally collapses, which it hasn't, I'd be interested why it should be trading lower than the price it was in 2016, when oil was trading at less than 1/2 the price is it today?
Bullboard Posts
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