Vermilion Energy Inc T.VET

Alternate Symbol(s): VET

Energy Oil & Gas Integrated

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 Sadie222on Apr 28, 2020 10:55pm

199 Views

Post# 30964703

RE:RE:RE:8.42 loss per share?

Well, he's right.
Having said that, the price of oil needs to go (and trend) up in a somewhat timely fashion before it will happen, and there's lots that can happen in the meantime.
Market cap is worthless as an indicator of anything more than daily sentiment, at this point.

WheresMeGold wrote: John, I was correct, you are a rocket scientist. An accounting entry that is larger than the market cap is no big deal...LOL!!!

Move along. There’s nothing to see here. LMAO!!!

It’s amazing how higher prices will cure everything. To permabulls it will cure coronavirus, world poverty, and give us world peace. Plus, it will allow VET to back out an accounting entry larger than its market cap according to John.

JohnFriesen wrote:

lashing wrote: What? writedown? This cant be correct

Don't soil your diaper, it is just an accounting entry reflecting the low oil prices, that will be reversed when oil prices go back up.