Vermilion Energy Inc T.VET

Alternate Symbol(s): VET

Energy Oil & Gas Integrated

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.

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Vermilion Energy Inc > US drawing down Canadian NG storage levels

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Comment by Nystromon Feb 17, 2021 3:10pm

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Post# 32586918

RE:RE:RE:RE:RE:RE:US drawing down Canadian NG storage levels

It's crazy last week API anticipated 170k drawdown and it was actually 7M drawdown.

How can they be that far off lol.

They are always a bit behind on reporting, so today's report will actually be for the week ending Feb 12. It likely won't be as large a drawdown as some might expect.

The next 2-3 reports will all be large inventory drawdowns and by early March total OIl storage in the US could be down to 400M barrels. Thats a long way off the 540M in storage 6 months ago.

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Corus reports Q1 profit drop in the face of falling revenue