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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 mnztron Feb 23, 2022 1:31am
192 Views
Post# 34452683

RE:RE:RE:N S 2 - no go ..

RE:RE:RE:N S 2 - no go ..1. Russia will sell as much gas to Europe in 2022 as it did in 2021, or maybe not. The Russian may decide to cancel gas contracts with  Europe. More likely they will increase prices and may Europe pay for the loss of money in NS2. If Europe Russian gas, it will pay at least 50% more for LNG, this will render them uncompetitive. BUT it is GREAT for VET. The 10 year life of Corrib has doubled or tripled in value in a no NS2 scenario. It is not likely that Ukraine can fight a war with Russia and act as a gas transit corridor. So NS2 or freeze. If the US supplies LNG to Europe, that will double NG prices in the USA in pretty short order, so US inflation wil catch fire. 
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