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.

TSX:VET - Post by User

Vermilion Energy Inc > Oil down??

<< Previous

Bullboard Posts

Next >>

Comment by yggdrasillon Feb 18, 2021 11:36am

81 Views

Post# 32595940

RE:Oil down??

It's important to remember that in spite of these large draws, crude oil inventories are at their 5 year average for this time of year, gasoline is 1% above, and distillates are 6% above. There's nothing particularly bullish in the inventory levels.

It's also important to remember that the market often reflects future prices, and Saudi Arabia just announced it would reverse its production cut.

I'm disappointed as well that we've lost momentum, but give the market time to catch its breath. If the price of oil doesn't spur the stock further, earnings will. We just need a little patience.