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Vermilion Energy Inc T.VET

Alternate Symbol(s):  VET

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

Post by marketsenseon Jun 10, 2022 4:08pm
243 Views
Post# 34748212

Can Someone Explain

Can Someone ExplainThis to me.  How do more int rate increases help ease an already very tight oil & gas 
supply situation?  Is demand destruction going to slow the summer driving season
or cause people to turn off their air conditioners throughout those blistering hot
summers days and nights only to be folllowed by the fall and winter when demand 
will increase again.   Then there is hurricane season and its destructive force on
energy markets.   Then there is all that pent up demand from the pandemic lockdowns 
when people are desperate to get away on vacations by air or by car.

The narrative we are being fed is that increasing int rates will start to curb inflation. 
Well the main reason for inflation is high energy prices which was caused by years
of inderinvestment and bad gov't policy.   The prescription for solving this is to raise
int rates but I fail to see it.  In fact it might makes thing worse,  not better.  Joe Biden
wants oil companies to drill to increase supply but the oil companies are smarter 
this time after years of being driven into the ground.  Is there something I'm not seeing?
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