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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 Quintessential1on Feb 26, 2022 4:44pm
137 Views
Post# 34464820

RE:RE:RE:RE:RE:Dear Greta,

RE:RE:RE:RE:RE:Dear Greta,Another, "do-gooder" that wants to blame Canada for the woes of the European energy consumer.

Given that VET is enjoying the highest commodity prices that Europe has seen in over 4 years I can't imagine why but i suspect the reason is more politcally motivated than financially.

If Europe had access to Canadian Natural Gas it would not only lower the price there but raise tthe price here.  I kind of like the way it is now, low here and high there.  After all I buy NG here and I don't live there.  I also remember that prior to covid, natural gas prices were lower in Europe than they were in North America and VET's share price was tanking even before the lockdowns.  I would very much not like to see a return to that kind of scenerio.  The solution for European Natural Gas should, in the short term, be costly and difficult.  That would benefit VET and its shareholders the most.

GLTA


Oldnagger wrote: It has been repeated over and over again within Canada that we need a coast to coast energy corridor as well as access to tidewater. This message has been completely ignored. Now our hands are tied as first the Ukraine and then probably others succumb to foreign dictates. Not to speak of the legions of the world's poor who are suffering due to energy shortages.
A man  , no plan , very banal , Canada !!


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