Vermilion Energy Inc T.VET

RE:RE:RE:RE:RE:RE:RE:WE ARE SO STUPID....

[sclarda]

SchoolNmoe42 wrote: $14.250.61 | 4.47% sclarda...maybe you and moemoney42 have been hanging around vet, too long...???...at some point in your life, you have to ask yourself, how many million does a person need???

Light Crude Oil (CL1:COM)

82.09 0.82 (1.01%) see below

sclarda wrote:

quesea wrote:

Alberta exports  about $60 Billion (oil price about $75/brl) a year to the USA. 

When everything becomes Electric Alberta will sell about $0 a year. 

So Darn rights it's going to change the Economy !!
Perhaps we can sell Hydrogen but the Technical's are extremely difficult. ie: Hydrogen is a liquid at -270 C & extremely explosive and pressurized

------------------------------------------------------------------

  "When everything becomes Electric Alberta will sell about $0 a year.

Forecasts for crude oil consumption estimate that crude demand will peak around 2030.  After that it is expected that oil usage will not increase but slowly decline over the next decade.

So for the next 20 years or so we will likely have the current level or more of petroleum demand.While many people forecast the complete destruction of demand for petroleum  which will not happen ever they seem to forget about the production side of the equation. 

From the way things seem to be heading the last few years have created a perfect storm of sorts for oil.   Except for the last several months oil prices over . the last  6 or 7 years   have been in the $50 range which lead to oil companies not making much profit and reducing capex budgets.  Then along came Covid and completely collapsed oil prices leading to huge capex cuts in oil exploration and production budgets. 


 Much of the worlds current oil production comes from places like Saudi Arabia and others where the oil fields have been producing for many decades. In twenty years from now many much of that  production will be declining sharply  as those fields  will eventually  run out of oil. Most of the worlds cheap and easy to produce oil is being and has been used up.  

We also have     Oil companies being looked down at and hated by the green movement and people in general depite those same people using huge amounts of petroleum in their everday lives not only for fuel for transportation but every type of product you can think of that uses plastics, chemicals etc which is pretty well every product we use in the modern world. 

Dont get me wrong i am all for green energy and saving the planet. The fact is it will take a lot of time to change everything and even if that happens which is not a sure thing oil demand will be with us in large quantities as long as humanity exists in its modern form.

   At the same time while oil demand isnt going away and production is currently limited for many reasons it does not mean that oil prices will just keep climbing. History has made a fool of many who have tried to predict where oil prices will go in the future.

As oil prices climb shale and other higher cost producers will start to come back online and increase production. Many oil producers such as VET will start to increase capex to expand production to take advantage of high oil prices.  Higher fuel prices will also result in people using less fuel or finding alternatives which is not a bad thing. 

We also  have huge government money printing  and debt around the world. Add to that super low interest rates that have caused a huge bubble in a lot of the  real estate and stock markets around the world. Inflation is starting to get out of control and higher interest rates will eventually be needed to control inflation which will likely cause the real estate and stock market bubbles to collapse  which could lead to  a large recession if not depression which would lead to much lower oil prices. 

Its a cycle which has happened over and over in the past.  This time government money printing and  debt and deficits are larger than ever before. Personal debt is a lot higher than ever before, interest rates are lower than ever before and inflation is starting to reflect these facts.

I hope i am wrong but i cant see this all ending well as all the signs are there for those who choose to read them. That is the longer term concern. For now as oil prices keep climbing and VET shares keep rising we are all making money and thats what we are here for.

Alarm bells will start going off for me when i hear everyone piling into oil stocks and  calling for $200 barrel forever which is currently starting to happen.
                         $100




That is the time to sell and then wait for the next almost   inevitable oil price crash to come. 

Good luck to all.



--------------------------------------------------------------------------

"At some point in your  life you have to ask yourself how many millions does a person  need." 

Thats a good question although  you might want to ask yourself that as well as it seems that you spend a lot more time than me "Hanging around VET" and many other oil stocks.

As for how much money a person needs its up to each individual as to how much they want and need. Personally after having chased money all my adult life and gaining a fair amount of it i have come to the point where the strange realization has dawned on me awhile ago that  i dont really have a lot of use for money apart from my normal expenses which i could reduce by a lot if i wanted to Buying more material things that i already have to much of does not appeal to me. The only place i could and will spend a bit more on is charity.

Analyzing stocks and deciding which ones to  buy is something i enjoy. Even reading and posting on these boards is something i like to do. And while i dont really need to make  any money in the markets it does feel good when you make money in stocks and i do enjoy seeing my trading accounts balance increasing because believe me i have seen it go the other way very quickly a few times as i am  sure many of you also have.

Also  leaving cash in the bank with zero return is not that appealing either although i dont invest every penny of cash i have in the markets either. And as i said i dont have much need for anymore material things  so here i am.

Oils going to $200 a barrel and VET to  $75 per share.

Whoooooeee.