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 WalterWhyon Feb 26, 2020 1:50pm

175 Views

Post# 30736531

RE:Catching a falling knife

The price action on VET reminds me of Altagas in late 2018. Share price sat in the mid 20s for most of 2018. Then a couple of quarters of underperformance and yield got into the teens. People debated about whether a dividend cut was coming and what impact it would have. Ultimately, company cut the dividend and share price went from $22 to less than $12, before recovering back in the $20-$21 range where it now sits... Hopefully VET recovers.

GripnRip wrote: $17?
$16.75?
$16.50
$16.25

Like any market correction, when a margin call comes....selling can be relentless across one's portfolio

Muliply that by many leveraged Funds....downdraft can continue for a while

$1.7T wiped out as of yesterday's close, equity market. Unsure of bond side as they have been whacked also...flight to "safety"