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Vermilion Energy Inc T.VET

Alternate Symbol(s):  VET

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

Bullboard Posts
Post by kijijion May 18, 2020 3:38pm
167 Views
Post# 31043014

Biden would rip up Keystone XL deal.

Biden would rip up Keystone XL deal.
 Joe Biden's campaign says the former vice-president will rip up President Donald Trump's approvals for the Keystone XL pipeline if he takes over the White House next year.
 
Campaign officials made Biden's first policy pronouncements on the controversial cross-border pipeline expansion, designed to ferry Alberta oilsands bitumen to refineries on the U.S. Gulf Coast, in a statement today to Politico.
 
Biden is no stranger to standing in the way of the Calgary-based TC Energy project, which he first opposed as a member of Barack Obama's administration, which formally blocked construction in 2015.
 
Trump has since approved construction permits for the project, but a federal judge in Montana halted construction last month after environmental groups complained that the impact on endangered species in the state hadn't been properly assessed.
 
The expansion — a 1,900-kilometre line between Alberta and Nebraska — has been beset by delays, protests and injunctions almost since its inception, and became a major flashpoint in 2011 when celebrity-studded protests outside the White House helped crystallize environmental opposition to the energy sector.
 
Alberta Premier Jason Kenney, meanwhile, has committed $1.1 billion to the project as his Conservative government extends outreach efforts in the U.S. in hopes of breathing new life into a sector hit hard by record-low oil prices and the economic impact of COVID-19.
 
This report by The Canadian Press was first published May 18, 2020.
Bullboard Posts