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

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Comment by EnergyWatcher55on Aug 16, 2021 2:25pm

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

Do you understand derivative liablilities? The value of these hedges can go up or down depending on the nat gas prices. VET has a profitable Q2. If nat gas prices go down, hedges become more valuable. Its risk mitigation for stable cash flow. Lots of oily companies hedged especailly since last year when the pandemic was starting.

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