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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 lyctr6on May 25, 2021 12:48pm
130 Views
Post# 33260405

RE:WTI over $66 and VET down to $8.87

RE:WTI over $66 and VET down to $8.87It's the entire sector that's not moving. I think there's a lot of uncertainty in oil right now due to Iran nuke talks. If they reach agreement then sanctions on Iranian crude will be removed and that's a lot of product that will suddenly appear in the marketplace. Similarly, OPEC is re-thinking their strategy in the same light. Oil stocks, like VET, that need the higher WTI to reduce debt to manageable levels are at risk if there's a sudden oversupply before the world gets back to work.
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