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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 yggdrasillon Feb 19, 2021 9:47am
95 Views
Post# 32608275

RE:RE:RE:RE:RE:CLEAN ENERGY MY FKING AZZ

RE:RE:RE:RE:RE:CLEAN ENERGY MY FKING AZZ

ERCOT serves only Texas, as does the Texas Reliability Entity. No other entities have authority over the state's energy producers because the energy producers have all agreed not to extend power beyond state lines, which would have opened them up to federal regulation. So yes, I do have my facts correct.

https://en.wikipedia.org/wiki/Electric_Reliability_Council_of_Texas
https://en.wikipedia.org/wiki/Texas_Reliability_Entity
https://www.statesman.com/story/news/2021/02/16/texas-power-grid-why-state-has-its-own-operated-ercot/6765007002/

As for what the report will say, it will likely say the same thing that a report in 2011 said when Texas had a similar problem. Texas needs to winterize its grid. But that report was ignored by then governor Rick Perry, who recently stated that Texans would prefer to go without power than have their power generators submit to regulation. https://www.foxnews.com/politics/texas-power-outtage-rick-perry-keep-feds-out-of-their-business And actually, that report echoed another report in 1989.

https://www.statesman.com/article/20110411/NEWS/304119704

So Texas has ignored this problem for over 30 years now.


Backinblack1000 wrote: they are probably as de-regulated as Alberta...at a particular level, however at a higher level are regulated. You simply do not have your facts correct when you state Texas is split from the rest of the country's grid to evade Federal regulations...



 

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