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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Post by whoLuLuon Sep 28, 2021 4:08pm

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good read

Goldman's Jeff Currie is bullish on a potentially decade-long commodities super-cycle

Sep. 28, 2021 9:44 AM ETUSO, VDE...VanEck Vectors Oil Services ETF (OIH)By: Jason Capul, SA News Editor24 Comments

Oil and gas construction in offshore — curraheeshutter/iStock via Getty Images

Goldman Sachs eyes a strong headwind in the energy market through 2031.
Jeff Currie, Global Head of Commodities Research at Goldman Sachs, stated on Bloomberg TV: "This is just the first inning of a multi-year potentially decade-long commodities super-cycle."
Currie also said that there has been a complete redirection of capital over the past five years due in part to poor returns. Therefore, flows went away from the old world economy investing style in things like oil, coal, mining, and towards renewables and ESG, and now there is a demand imbalance being exposed.
There needs to be a balanced handoff if there is to be a transition away from dirty energy to clean energy.
Currie explains that "the problem is the best fuel for that is gas to deal with the intermittency problem of when the wind is not blowing, and the sun is not shining. Now the problem with gas is it is an old economy hydrocarbon-based fuel."
Goldman Sachs continues its bullish tone on crude prices, as they altered their Brent crude price forecast to $90/bbl from an earlier $80/bbl.
Considering this information, oil and gas exchange traded funds come front and center as investors are piling into the space.
The SPDR S&P Oil & Gas Exploration & Production ETF (NYSEARCA:XOP) is just one ETF that has seen a leap up as the fund is +17.3% since September 20th.
Other ETFs in play are Energy Select Sector SPDR ETF (NYSEARCA:XLE), Vanguard Energy ETF (NYSEARCA:VDE), VanEck Vectors Oil Services ETF (NYSEARCA:OIH), and the United States Oil ETF (NYSEARCA:USO).
Oil prices continue to surge as West Texas Intermediate surpasses $76/bbl and Brent Crude tops $80/bbl on continued supply constraints.
Daily price action: XOP +1.43%, XLE +1.96%, VDE +2%, OIH +4.05%, and USO +0.95%.
Goldman Sachs is not the only bull when it comes to the oil and gas market. Bank of America is looking for Brent to hit $100/bbl in September and WTI to touch $95/bbl.