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.

TSX:VET - Post by User

Vermilion Energy Inc > Mark to market

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Comment by CashGreenGoldon Nov 12, 2021 7:11am

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Post# 34118417

RE:Mark to market

they're doing it because of the generally accepted accoing principles (GAAP).
Because of Sarbanes Oxley.

In the GFC, banks were carrying mortage portfolios at almost any value they wanted.
They were basically a PLUG

We found out pretty fast what the TRUE value of those mortage loan books were....

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