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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

Comment by Ratso07on Dec 06, 2020 5:36pm
258 Views
Post# 32046758

RE:RE:RE:Resistance is $6.30

RE:RE:RE:Resistance is $6.30If you look at the technical chart , the stock gapped down from Can$18.50 in late February and hit bottom at $2.20 by mid-March. Both Covid-19 and the plunge in energy prices contributed to the wipeout. In 2021 we should see both of the above issues improve. The short position has started to drop but there may be tax loss selling before yearend. Analysts are calling for $9-$10 prices which offer significant upside from the current price. Q-4 results will determine how rapidly this stock will rebound to much higher prices. When and if the Company reinstates the dividend during 2021, one can only speculate the upside. Many other oil and gas companies including the TSX Energy Index have similar chart patterns with a "Golden Cross".  JMHO 
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