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.

TSX:VET - Post by User

Vermilion Energy Inc > WTI over $75 and VET still under $11

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Comment by gold_diggers1on Jul 07, 2021 10:18am

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Post# 33504841

RE:RE:RE:RE:RE:WTI over $75 and VET still under $11

gold_diggers1 wrote:

stockmarket1 wrote: Yes... Todays trading action was a complete joke!! Especially, seeing what happened in the U.S yesterday. Nothing else to say. Wouldn't surprise me... In fact, I expect it..... A pull back next week. Monday for sure seems to be the pattern lately. AND.....Let's see what happens with the delayed OPEC+meeting.

gold_diggers1 wrote:

stockmarket1 wrote: The correlation between VET, WTI and Brent sometimes doesn't exist. Look at it this way. Another observation. Canadian markets yesterday were closed and VET had a great day down south with the U.S markets opened. Now, Canada is opened and VET is on the verge of being in the red. It's green as i write this but It won't shock me if we end the day in the red.

If opec+ settles, we could sink even more next week. Be prepared to buy. I have a strong feeling we'll get another great buying opprotunity sometime next week.

Yes. VET had a great day yesterday in the US up 31 US cents to close at US$9.06 but today it's trading down to US$8.81 which is close to being "even" with Wednesday's US close (US$8.75)... AND WTI is up $1.50 from Wed's close?!
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Go figure, eh?! So, in CA or US, WTI does not really matter with VET.
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GLTA

No correlation..... Let me qualify this. Yes, no correlation when WTI is up. BUT VET is 100% correlated when WTI is down?! WTF?
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GLTA