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 > Allianz Group To Quit Backing New Oil and Gas Fields

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Comment by Quintessential1on Apr 30, 2022 11:57am

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Post# 34644828

RE:RE:RE:Allianz Group To Quit Backing New Oil and Gas Fields

Being that they are German based I would say they are well aware of the plight of European Energy.

You of course are right though, they should have offices underground in geothermal caves.

I would think the next obvious step for an O&G, E&P, dripping with cash would be to self insure.

It may cost less and create much less hassle in the future.

GLTA

Oldnagger wrote:
Why do I say hypocrites ? Look at the energy their nearly all glass buildings consume

https://upload.wikimedia.org/wikipedia/commons/6/60/Allianzberlin.jpg