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 > oil breaking out .. (post on IV)

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Post by whoLuLuon Feb 21, 2022 5:39pm

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Post# 34448588

oil breaking out .. (post on IV)

Crude technical breakout

This isn’t going to surprise anyone given the news but oil has broken to the upside at an important time. We would have revisited the 80s if not lower but for the developments of the Dobass region.

Still downward pressure risk due to the imminent signing of the JCPOA but that will probably be overshadowed by the Eastern European conundrum. If in the small chance that the JCPOA revival is derailed, even temporarily, then we would have more fuel added to the crude fire.

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