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 > I work in Manufacturing and we are not in a recession!

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Comment by Aurum1983on Sep 27, 2022 11:29am

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Post# 34989460

RE:I work in Manufacturing and we are not in a recession!

Powell is going to get a call from the other G7 central banks begging him to stop raising rates. There is going to be a lot of domestic and international pressure for US to stop hiking. The USD is too strong.

There is a point when further rate hike will cause more harm than good in terms of taming prices vs. hurting exports/tax revenue/cost of borrowing for government. I think we are at that point now especially prices have come down. Hard for Powell to justify more hikes.

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