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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

Comment by mnztron Jun 12, 2022 1:54pm
140 Views
Post# 34750186

RE:Can Someone Explain

RE:Can Someone ExplainSome sources of inflation are already well on their way to being fixed. Energy inflation is a bigger problem. No one has talked about the lack of refining capacity globally. It takes 5 years to build a refinary and they have 30 years useful capacity. In the current ESG environment they are impossible to justify. More crude production will NOT result in much more gasoline and diesel. There are no refinaries to take it. all they can go is push the current ones hard. You can expect some fires and explosions at refinaries as they are push to the limit this summer. 
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