RE:Time is on our sideRational43 wrote: Every week the debt drops, the cash flows in, and the time reduces on the very low hedges on Europe NG, WTI and Brent come off.
VET is very lightly hedged for '22, and will experience a massive increase on cash flow at these prices.
High Europe NG prices aren't going away, and VET is one of the few that can grow production there instead of North America, where high prices won't last too long.
Hate to tell you this but the position on the Euro NG don't change a whole heck of a lot in 2022. Check out slide 18 of the November presentation. It's better but not a massive shift.
https://www.vermilionenergy.com/files/Vermilion_Energy_-_Corporate_Presentation_-_November_2021_.pdf Big change in NA Nat gas though.