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

Comment by Vulture46on Jan 25, 2020 12:07pm

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Post# 30598479

RE:News on upcoming Q4 2019 quarterly report (Feb. 4)

To understand how 10% buyback will work in 2020, all you have to do is keep up with the news.

SEE EIA REPORT BELOW :

Also see link to YouTube.

WASHINGTON - In the U.S. Energy Information Administration’s January Short-Term Energy Outlook, EIA forecasts that the Brent crude oil spot price will average $65 per barrel (b) in 2020 and $68/b in 2021 and that the West Texas Intermediate (WTI) spot price will average $59/b in 2020 and $62/b in 2021.

EIA expects that crude oil prices will remain elevated in the first few months of 2020, reflecting a price premium on crude oil from recent geopolitical events. However, this price premium will diminish in the first half of 2020, and market fundamentals will drive the crude oil price forecast in the second half of 2020 and in 2021.

Several geopolitical events have provided upward pressure on crude oil prices in recent months. These events include attacks on oil tankers transiting the Persian Gulf and the Red Sea, the September 2019 attack on Saudi Arabia’s energy infrastructure, and recent tensions between the United States and Iran. Monthly average Brent prices rose from $63/b in September to $67/b in December. Crude oil prices increased during this period despite global liquid fuels inventories growing by 130,000 barrels per day (b/d).

Further increasing the geopolitical risk premium on global oil prices, the U.S. military action in Iraq in January 2020 increased uncertainty about potential disruptions to oil production and shipping in the Middle East. Following these developments, the price of Brent crude oil reached $70/b, but prices have subsequently fallen.

As the risk premium decreases, EIA assumes that Brent prices will decline in early 2020 to an average of $62/b in May. EIA does not forecast supply disruptions, and any physical supply disruptions would put upward pressure on prices.

QUOTE FROM YOUTUBE :

" At a little over 50$ WTI. Vermillion dividend and GROWTH capex are easily covered......."

see : https://www.youtube.com/watch?v=-aymPnUAMv0

also :

https://www.worldoil.com/news/2020/1/21/eia-forecasts-crude-prices-will-fall-in-the-next-six-months-then-rise-through-2021