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

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Comment by Shirtlessnomoreon Feb 14, 2020 5:00pm

91 Views

Post# 30693811

RE:Dismal note on Brent prices from Goldman

I think you have watched The Big Short too many times.....

WheresMeGold wrote: I’ve stated my opinion that the negative deflationary effects, particularly on oil, of the coronavirus has been underestimated. I also stated I believe Brent prices will be hurt the most.

It looks like my view is being reluctantly accepted as Goldman has basically stated my case. A link is provided below. The last statement should give every investor pause.

“Finally, given still relatively long net speculative positions, Goldman believes the oil market is not sufficiently concerned about this potential gap risk lower in prices, which means that a speculative capitulation could potentially send Brent into the $40s or even lower in case of a full-blown puke by CTAs and other levered accounts.”

https://www.zerohedge.com/energy/goldman-cuts-brent-forecast-10-53-sees-chinese-oil-demand-plunging-4-million-bpd