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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 Oldnaggeron Aug 16, 2021 11:08am
161 Views
Post# 33709844

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

RE:RE:RE:RE:How did they lose all their money?Most of the hedging provisions are probably against Euro Nat Gas. The price is now about 8 USD per Mmbtu over the stike price and volumes are heavy till 2022 when they lighten up a bit.
The hedges were put on when European gas prices were very weak due to Covid and were probably necessary in order to maintain credit lines.
This is the reason why all Oil companies want to tell creditors where to go. And it is also the reason that commodity prices will remain strong.
There are a lot of major companies in much worse positions than VET
geemonet wrote: I understand how hedging will diminish profits when prices go up... but they blew ALL the FCF on derivatives.... like... did someone hit the wrong button on a keyboard when executing a trade or something? Makes no sense thay they can have almost 100 million in fcf and the debt goes up... like... what the hell? 


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