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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 > Oil would be at 150.00 not for SPR release
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Comment by JohnnyDoeon Sep 05, 2022 6:35am
232 Views
Post# 34941741

RE:RE:RE:RE:Oil would be at 150.00 not for SPR release

RE:RE:RE:RE:Oil would be at 150.00 not for SPR release
Quintessential1 wrote: They did ask and they are ramping up.  At least Canadian producers are but they cannot increase production like turning on a tap.  It takes time.

In this interview Alex Pourbaix, CEO of Cenovus energy explains just that among other things but the answer to your question lies at the end of the interview.

https://www.bnnbloomberg.ca/video/we-are-the-definition-of-energy-security-cenovus-ceo~2470865

GLTY and all longs.


DukesMtl wrote: Ok but why didn't Biden ask American & Canadian oil producers to ramp up production? We have so much oil & gas here in our backyards. 



I don't think we'll ever see Cdn production ramp up significantly. I think the ratio of takeaway capacity to production is going to be relatively stable. Increasing production without the increase in takeaway capacity results in the widening of the WCS discount. Until the political jacka$$es agree to and then actually build takeaway capacity we don't need to nor should we pump more oil in Canada. Some of that takeaway capacity also needs to go to the coast to create additional markets for our product.
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