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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 > $200 Oil ???
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Comment by geemoneton Sep 12, 2021 7:58pm
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Post# 33846968

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:$200 Oil ???

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:$200 Oil ???

500 active rigs will drill minimum 1500 wells a year. That's a suuuuuuuper low number. Likely to be 2500. So.... yeah. DUCs aren't running out anytime soon. And they have had double the rigs in the field... 

id bet you won't even see a 5% drop in USA production.

and USA oil is only 10% of world production....
 

Going to take a lot more than DUC count to get to $200 a barrel....

 

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