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 > Cushing running low

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Comment by Moemoney42on Oct 23, 2021 8:41pm

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Post# 34041419

RE:RE:RE:RE:Cushing running low

I think some of those barrels are still being held for some of the oil companies that have the option to sell them now that
the glut that put them there is over..?

PipelessPauper wrote:
615 mm bbls = ~ 31 days of consumption for the USA
.... so the US has to be VERY careful when they use it
Once it's gone.. it's gone

my guess is they are waiting for triple digits before they SERIOUUSLY start drawing from it...

Consumption (million barrels per day)

Motor Gasoline 9.31 8.05 8.78 8.96

Distillate Fuel Oil 4.10 3.79 3.99 4.11

Hydrocarbon Gas Liquids 3.14 3.23 3.35 3.58

Jet Fuel 1.74 1.08 1.38 1.61

Total Consumption 20.54 18.19 19.67 20.43

mnztr wrote:
Don't they have about 1B bbls in the strategic reserve?

Consumption	(million barrels per day)
Motor Gasoline	9.31	8.05	8.78	8.96
Distillate Fuel Oil	4.10	3.79	3.99	4.11
Hydrocarbon Gas Liquids	3.14	3.23	3.35	3.58
Jet Fuel	1.74	1.08	1.38	1.61
Total Consumption	20.54	18.19	19.67	20.43