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 > WOW !!! HUGE $ 500 Million REDUCTION In Banking Facility ???

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Comment by Oldnaggeron Apr 19, 2022 5:38pm

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Post# 34614653

RE:RE:RE:WOW !!! HUGE $ 500 Million REDUCTION In Banking Facility ???

Nothing precludes VET from swapping credit facility debt for further fixed term debt in the future. It all depends on a lot of factors of which interest rates is a very important one. At least VET should have a large range of possibilities open to them as They can finance and produce in many different markets.
I really cannot understand why any financial institution would not want to support nat gas development, particularly in Europe !! I am also curious as to why they didn't lock in till 2027

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