Vermilion Energy / Canada OutputFor anyone that is not aware, VET gets "Light Sour Blend" prices for their Canadian Output which fetches a premium. Today it is priced at 55.00BOE which is $15.00 higher than Western Canadian Select which fetches $40.00BOE as of todays writing.
VET is a growing company that you want to go long on and collect the dividend and excellent choice to play the next bull market as you will profit from a 13% yield for the near future and enjoy increases plus growth of the company and their share price over the next 20 years.
This is a major holding in my retirement portfolio and I am 47 years old and picked up shares yesterday. I'm hoping for a pull back so that I can buy more but after tax loss selling season is over and the prospect of war and oil disruptions with Iran, it's very doubtful. Also, the Trans Mountain Pipeline is a Game Changer for the entire Canadian Energy sector so if you want to make money, tune out the noise and talking heads on BNN and listen to Joseph Schacter or "Bow Tie" Joe and his advice. Joe knows the biz and has been around.