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 > As I said before, inventory is an big problem with VET.

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Comment by mnztron Mar 04, 2022 7:35pm

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Post# 34485537

RE:RE:RE:RE:As I said before, inventory is an big problem with VET.

The thing is VET has land inventory, not proven reseves like an oil sand company. They have VERY HIGH netbacks, which means a) their land is good, and b) they are excellent at drilling. So they invest in new wells to serve a production horizon. Because the wells are not drilled they are not proven and thus cannot be on the balance sheet. But the oil is there.

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