Vermilion Energy Inc T.VET

Alternate Symbol(s): VET

Energy Oil & Gas Integrated

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

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Comment by Sadie222on Oct 17, 2019 8:18pm

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Post# 30242258

RE:RE:RE:RE:RE:RE:RE:Scary thought/sight

The statement I was replying to was general. No distinction between natural resources and bakeries.
We tried with Petrocan, didn’t work out so well. Norway’s doing just fine.
EU has lots of problems, some countries more than others. “Free enterprise” wouldn’t be better or less corrupt. Bayer and Volkswagen have their problems, too.

Cuba is irrelevant (far beyond just socialist), as is Venezuela and a whole list of others.

deisman03 wrote: Sadie, with all due respect, Norway took ownership of all her natural resources a long time ago and lease rights, plus tax the profits heavily. Sweden, Finland, Russia, Denmark, Holland and I believe France.Spain Italy and Turkey operate in a similar manner. The UK, is a bit more complicated and it's one of the key blockages to getting a Brexit agreement.

Canada has a slightly different system and other than permit application fees etc tax only the profits after production is sold. Way more to it than that.

Right now, the EU, which is mostly made up of nations with Socialist governments is floundering financially and in some cases can barely keep the lights on in their bureaucrats offices.

The problem with Socialism is the creation of huge bureaucracies to monitor and regulate the day to day lives of their plebes, from cradle to grave. Sooner or later, everyone demands their pound of flesh. Corruption is rampant.

I went on a Cuban holiday last November. Very few people have vehicles.A used Lada sells for around $75KUS and you have to have a special permit to purchase fuel, which mostly comes from Venezuela. There are inspection points along every highway and the fellow we hired to drive us around stopped at each one and slipped the inspectors a few Cukes, which is tourist money, valued at 1-1 on the US dollar.

Bernie Sanders, Jagmeet Singh and OAC have had nothing but praise for Cuba. They should give away their millions and go live there.

Funny thing about Socialist countries. They have a very severe pecking order. They sell a dream but in reality give back nightmares while the politicians and bureaucrats at the top become outrageously wealthy and park their money in offshore havens.

Our own PM operates his Trudeau Foundation, which his wife and mother sit on the BOD and garner a stupid high wage for, offshore where it can't be monitored or taxed.