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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 Sep 26, 2020 1:03pm
373 Views
Post# 31625416

approves Alberta-Alaska rail line project

approves Alberta-Alaska rail line project
Eco-anarchists heads exploding.   If they can get the rail line built wouldnt it be nice to have a pipeline run along the same general path.

U.S. President Donald Trump announced on Friday that he was issuing a presidential permit for the A2A Cross-Border Rail project.
 
The project — which would see a 2,570-kilometre rail track running from near Anchorage, Alaska, through Yukon and the Northwest Territories into northern Alberta — will cost about C$22 billion.
Trump’s approval is just the first step in the regulatory process on the U.S. side.

Now, the company will need to go through a U.S. review process and get the necessary licenses and permits for interstate railroad commerce on that side of the border.
 
On the Canadian side, A2A first needs the project to go through an environmental impact assessment. After that, the company would then go through Canadian federal and provincial approvals for the project.
 
In a July news release, A2A said the project would generate thousands of jobs for Canadians if it is constructed.
 
“This is a world-class infrastructure project that will generate more than 18,000 jobs for Canadian workers at a time when they are most needed, provide a new, more efficient route for trans-Pacific shipping and thereby link Alberta to world markets,” said A2A Rail Founder Sean McCoshen.
 
A2A said in July that it had commissioned an engineering firm to survey land in Alberta for the project and eventually engage in early field activities like land clearing, fencing and access road preparation.
Concept map of the A2A Alaska-Alberta rail line.
Bullboard Posts