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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 Pandoraon Jan 26, 2021 7:04pm
151 Views
Post# 32392775

RE:RE:And again.....

RE:RE:And again.....
maramos98 wrote:

Biden to pause oil drilling on public lands: Report


https://www.bnnbloomberg.ca/biden-to-pause-oil-drilling-on-public-lands-report-1.1554190

This is the likely reason why VET is down over the last couple of days.
Most leases in wyoming are on federal land so in theory VET may be impacted down the road.
Most companies have enough backlog of permits to continue drilling.  Negligeable impact in the short term.




Now we see why Biden was elected. He was probably the only one they could find that would blindly sign dozens of executive orders without stopping to question the sense of any of them.
He didn't write them. I'm not sure he read any more than the brief description and it certainly does not appear that he questioned any of the implications of his signing.
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