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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

Bullboard Posts
Post by Mattyboy19on Dec 02, 2018 12:22pm
189 Views
Post# 29051047

Canadian Crude Pricing

Canadian Crude PricingInvestors be aware that Vermillion's crude pricing is definately being affected by the nonsense in Canada at the moment. Only 36% of production is higher benchmark Brent while the rest is mainly priced out of Canada-at a premium to WCS but still lower than WTI. Right now 41% of all crude is priced to LSB (Canadian Light Sour Blend) priced at only 33.20. Compared to 50+ of WTI. Beware when investing in VET I believe acquring more Canadian assests was a mistake and makes this company less "diverse" than before. Note the recent stock decline is directly related to a steep nose dive in Canadian crude prices. It doesn't seem like we will solve this glut in Canada without pipes or rail asap!
Bullboard Posts