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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
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Post by divime1on Aug 02, 2021 9:03pm
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Post# 33640859

Perfect storm for natural gas .

Perfect storm for natural gas .

 Natural gas prices in Europe rose to near $14/MMBTU for the first time on record while in the UK cost was also near $14/MMBTU, the highest since 2005. In Asia, the spot price of LNG climbed above $15/MMBTU. Buyers in Europe have struggled to replenish tanks that are at the lowest for this time of year in a decade and Russia is limiting exports to the continent. Also Brazilian imports surged to record levels as droughts added to the competition by curtailing power output from hydroelectric dams.

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Dealroom for high-potential pre-IPO opportunities