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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 Fraser19on Jan 26, 2021 8:37pm
143 Views
Post# 32394020

RE:RE:RE:RE:Possible target for the interim bottom

RE:RE:RE:RE:Possible target for the interim bottom
Tommy123 wrote:
Fraser19 wrote:
RevT79 wrote: Down 9% for no reason is crazy!!!
they probably do it again tommorow if price of oil is goin south!
those predator short selling attack don't give a fu"ck about nothing other than ther own profit! The fuc"ked up thing is that they don't even own the shares.....
 


You do realize the longs also only care about making profits, the entire reason to access the market is to obtain profit. . Whats your point?


Biden is limiting oil production in the US. Oil is dead IMO. 


Dead, far from it. The world still consumes 80+ million barrels a day. During non pandemic times it's been recorded I believe as high as 103 million barrels a day. Oil as a source for energy will decrease however we as a planet will still require massive amounts of petrochemicals for non energy related uses, however it will still be many decades before oil is eliminated as a source of energy. Oil is far from dead, however these leveraged tier 2 companies like VET might never get the institutional support required to thrive again.
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