Vermilion Energy Inc T.VET

Alternate Symbol(s): VET

Energy Oil & Gas E&P

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 > why are oil stocks down? This market is nuts

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Comment by downtozeroon Feb 26, 2021 10:18am

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Post# 32670176

RE:RE:RE:why are oil stocks down? This market is nuts

The previous CEO was gettting massive bonus payments (millions) to keep the high dividend and show growth, all by increasing the debt. He single handedly nearly bankrupted the company. It will be years before they fully recover. The high oil prices will help speed up the recovery and the share price will follow. With a higher oil price, they should have a higher book value which should drive the share value up.

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