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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 BywrongKon Oct 29, 2019 7:33pm
113 Views
Post# 30284171

Premier Kenney..friend or foe of Alberta ?

Premier Kenney..friend or foe of Alberta ?I usually judge leaders by performance, not what colour of tie they wear...red, blue, orange or green

Previous Premier of AB bought some rail cars to get oil to market.
before he was even elected, Kenney called the CEO's of CN & CP to warn them he would cancel the contract.
Zero respect for the Office of Premier and he did cancel the contract (unsure what penalties that involved, Premier Ford got involved in Ontario Hydro and that cost $100,000,000 in break frees) once elected .

Reading between the lines of a recent Husky NR found here

https://ca.finance.yahoo.com/news/husky-energy-reports-third-quarter-112911122.html

Husky got a $233,000,000 gain from a Kenney tax cut but now is laying off employees because 

company doesn't plan to invest as much in Alberta is because of the continuation by the United Conservatives of the NDP program to curtail oil production.

"We would love to spend more money in Alberta but, unfortunately, in Alberta ... there are quotas in place that mean we could spend to develop crude oil but then they wouldn't let us sell it. So that doesn't make any sense, either," he said.

So the 125,000 BPD that the cancelled railcars aren't hauling, thanks to Kenney contract concellation, results in layoffs.

But over in Sask.
 

Husky is continuing to invest in Saskatchewan, however, Peabody said, noting it recently started up a 10,000-barrel-a-day thermal heavy oil project and has five other similar projects in development.

let's blame that on Ottawa, not provincial policies

JMHO



Bullboard Posts