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 whoLuLuon Oct 24, 2021 2:22pm

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RE:RE:RE:RE:RE:RE:RE:RE:Cushing running low

PipelessPauper wrote:

very good posts this am!ALWAYS GREAT POSTS HERE PP

Oldnagger wrote: As another thought, it has been said ever since the WTI contract was given as a basis for futures trading, that it was a very poor choice because it was based on a landlocked storage hub. This definetly became an issue with the expiry of the May 2020 futures contract which settled at minus 37
dollars due to a complete lack of Ullage at Cushing. The polar opposite could also occur whereby WTI goes thru the roof as inventorie hit bottoms. OTOH it will not be so spectacular as I am sure Consumers of Crude will have their own inventories and there is always the SPR. But then again, Trading companies of course try to amplify the price swings rather than attenuate them !! So it could be interesting to watch !!