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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.


TSX:VET - Post by User

Vermilion Energy Inc > Trudeau plan to ban Russian Oil
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Comment by Pandoraon Feb 28, 2022 8:50pm
120 Views
Post# 34469629

RE:RE:RE:RE:RE:Trudeau plan to ban Russian Oil

RE:RE:RE:RE:RE:Trudeau plan to ban Russian Oil
Pandora wrote:
Quintessential1 wrote: A complete embargo on Russian imports would be good.

"Canada imported just C$289m (£170m) worth of energy products in 2021, according to Statistics Canada."


https://www.bbc.com/news/business-60564781

GLTA Longs


Pandora wrote:
ronster65 wrote:
ronster65 wrote: He is announcing right now in French.


I called my MP and asked about this to confirm and my MP said that Canada has not taken in Russian oil for some time and Trudeau is only saying thi snow as a political stunt.

We only bring in Oil from USA. (Maybe USA sells us Russian Oil) and this is all semantics??


I believe we (back east) bring in a fair amount of Saudi oil and we sell upwards of 4 million barrels to the U.S. through pipelines other than the XL Pipeline such as Line 3 and Line 5??

 


Also:

https://www.canadianenergycentre.ca/foreign-oil-imports-to-canada-488-billion-between-1988-and-2020/



"Between 1988 and 2020, Canada’s foreign crude oil imports in nominal dollars ranged from nil in Prince Edward Island and $200 million in British Columbia to $228 billion in Quebec where import values were the highest (see Figure 2a)."

And would it be reasonable to assume that Quebec was using the equalization payments they received from Alberta to pay for their imports of foreign oil?
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