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Vermilion Energy Inc T.VET

Alternate Symbol(s):  VET

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

Comment by GregC24on Dec 08, 2021 1:28pm
89 Views
Post# 34211209

RE:RE:RE:RE:RE:RE:RE:Equinor

RE:RE:RE:RE:RE:RE:RE:EquinorThey aren't subsidized?  That's an absolute lie.  The Financial Acountability Office of Ontario laid that out clearly in its latest report.

“The renewable generation subsidy program will shift approximately 85% of the cost of electricity generated under the green energy contracts from ratepayers to the province until the last contract expires around 2040,” the report says. “Over the life of the program, from 2020-21 to 2039-40, the FAO estimates that the renewable generation subsidy program will cost the province a net total of $15.2 billion.”

geemonet wrote: That has zero relevance to whether the wind  farm is profitable or not. If it's windy 95% or the time and they make money 95% or the time, the 5% of the time when people freeze to death in the dark doesn't really matter to the owners or the wind turbines. I'm not saying it's a great system. But the idea that wind turbines don't make money is from the 1990s. Here in 2021, they make money, and they pay taxes. They aren't subsidized. The cost of manufacturing them has plummeted in recent years. I don't care if they're good or bad or green or whatever. Im only talking dollars. 


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