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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 mnztron Sep 17, 2021 9:54am
131 Views
Post# 33876835

RE:RE:RE:Vermillion says

RE:RE:RE:Vermillion says
I don't think so. Russia wants some European nations to PAY for their opposition to NS2, and North American gas is in short supply because of the reduced output in shale and massive demand in Asia. Russia is gonna take its time ramping up NS2 as they can blame US sanctions  and make a killing on the gas they are already sending to Europe. Favored nations and NS2 partners will get gas at better then market prices. This is how Russia operates and it makes perfect sense.  The sanctions cost them a few hundred million $ . They will, however, ensure Europe does NOT run out of gas as they promised. It will also be a great opportunity to make "freedom gas" look like a joke. 
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