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 > My Question IS,,,,,,

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Comment by lashingon Nov 11, 2021 8:20pm

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Post# 34117695

RE:RE:My Question IS,,,,,,

Good luck with your index funds Rational43

Rational43 wrote: The total change in mark To Market value of hedges, current period, AND ALL FUTURE PERIODS, is considered a gain or loss in each period.

So two years of losses on hedges were realized in three months income statement, which is why FFO is a much better measure (where only the realized portion of losses counts).

So, yes, in effect they were MORE THAN 100% hedged, as all the hedges for two years moved against them, vs only the production they had in Q3.

People who don't understand how numbers are reported should consider Index funds.