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 > WTI is now $125 Canadian a barrel

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Comment by Quintessential1on Oct 10, 2022 11:50pm

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Post# 35016444

RE:RE:WTI is now $125 Canadian a barrel

The spread between WTI and WCS is made up in the extra costs to transport and refine WCS.

Several oil producers in Canada have upgraders but that too has additional costs.

GLTA

Pandora wrote:

galaxyr wrote:
90.77 x 1.38274 = $125.48 WTI is $90.77 a barrel USD to CDN exchange rate is 1.38274 $125.48 Canadian for a barrel of WTI

And I believe in U.S. funds there is still about a $25 spread between WTI and WCS yet gas prices in Canada are higher than in the U.S. I guess that could be the benefit of taxes?