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 > VET had an amazing Q2 with Total debt down to $1.7B

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Post by EnergyWatcher55on Aug 16, 2021 2:12pm

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Post# 33710946

VET had an amazing Q2 with Total debt down to $1.7B

The hedging liabilitites is an accounting issue. The 69% hedged for 2021 for Euro nat gas at $7-8, where the Euro nat gas market is trading at $20 BUT VET is still capturing 31% of nat gas at $20.

2022 is even BETTER.

Thus, VET is printing a boat load of cash and is forecasting $400 FCF at end of 2021 which is 1/3 of their market value effectively VET could privitize in 3 years at this rate!

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