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 > It Begins

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Comment by Moemoney42on Feb 27, 2022 1:28pm

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Post# 34465802

RE:It Begins

Although I'm not certain.. I'd venture a guess that the banks that were NOT included in the "swift" access denial would be the only banks that deal in energy $ transfers.. that way the oil and gas will continue to flow.. for now..??

marketsense wrote: The west sanctions Russia by cutting Russian banks access to SWFT. This will have interesting consequences. It will make it very difficult and quite awkward for
US and European customers of Russian oil & gas to make payments to Russia.

How long will Russia continue to supply their NATO customers without receiving
payment back? It makes for a very awkward situation all around. A freeze of
Russian finanacial assets plus their ability to conduct financial transactions could
cause a retaliatory freeze of nat gas & oil to their Western customers.

The conseuqences I should think would be another frenzied spike in nat gas & oil.
Vermillion is sitting right on the top of this powder keg and would be a major
benficiary if this were all to happen. Even if it doesn't go that far, I suspect
we are in for higher prices anyway.