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 > If Line 5 is shutdown,...

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Comment by Quintessential1on May 18, 2021 8:13am

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Post# 33220606

RE:RE:RE:If Line 5 is shutdown,...

I do not believe that Line 5 is going to shut down but if it did, VET's operations are globally diverse. The operations they do have in Canada produce light crude and condensate. Line 5 transports diluted bituman so the light crude would be shipped another way. The condensate is used to dilute the bitumen but is highy sought after and would probably remain in demand for other lines and uses even if Line 5 were to stop shipping.
Aside from sympathy pains from being in the same industry Line 5's closing would have a minimal affect on Vet's share price IMO.

cleareye wrote: LOL - re: Gretchen.

Thanks for your response oldnagger.

I have heard that Gretchen just wants money, kind of like those Russia hackers / blackmailers.

I am not certain that the TMPL will ever get built. I tend to think that Trudeau bought it and gave the project to civil servants to ensure that it never is completed. What's 10 billion dollars to Trudeau to bury an issue for a few terms and keep certain MP's. But, I hope I'm wrong.

cleareye.