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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 11:37am
132 Views
Post# 32609830

RE:Bad then Good?

RE:Bad then Good?

A non-cash impairment charge won't mean much 3 months after the fact when the price of oil and gas has shot back up. But maybe it'll fool some algorithms? If it does dip based on that, I'm definitely going to buy more.

downtozero wrote: After reading ERF year end, it makes me think VET will be worse. It's likely VET will take additional big writeoffs for year end, resulting in a bigger loss and stock taking another dump. Then first quarter will come out and VET will start to spring back. It might be worth waiting untill after 2020 report and then adding more. These numbers we're seeing this quarter will not help VET's year end.


 

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