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 > What is up?

<< Previous

Bullboard Posts

Next >>

Comment by Moemoney42on Oct 06, 2022 10:59am

197 Views

Post# 35009359

RE:RE:RE:RE:RE:RE:What is up?

I'm sure its due to the special profit tax that passed.. just a delayed reaction IMO.. I think its a bit overdone as this years tax consequences have a lot of capex to account for, and or, tax loss carry forwards..??

stockmarket1 wrote: J.P Morgan cut VET's price target to now $38 from $40 Canadian. That's the only thing I found that could have triggered the sell off?

Chandler97 wrote:

DonaldDDukc wrote: that is right, Thanks to the Americans blowing up essential infrastructure in Europe

I am actually shocked. I have a pretty good handle on the markets and am rarely surprised. I have no idea what happened today.