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 > How did they lose all their money?

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Comment by Quintessential1on Aug 16, 2021 10:45am

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Post# 33709653

RE:RE:How did they lose all their money?

Hedging aka the banks.

Hedging will cause some losses when commodity prices are rising but but allow for gains when the commidity prices are falling, In the end it will avergae out.

In the meantime that was quite an EPS beat. If they can increase production like they say they can and there are no more mechanical failures it should be a better Q3.

Tommy123 wrote: None of this makes sense to me. I'm beyond concerned.

geemonet wrote: Seems like they made money from selling oil but then lost it all on derivatives... can some one explain this? Who takes all the profits outta the company?