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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 stockmarket1on Nov 23, 2022 1:43pm
230 Views
Post# 35122664

RE:There is no substitute for bankruptcy

RE:There is no substitute for bankruptcyMost likely won't happen but.....I'm thinking perhaps VET should consider getting out of Europe all together if the end result giving away your profits, period. Seriously.....who cares how high NAT GAS rockets up and much VET will rack in because at the of the day, VET will just be handing it all ovr due to this windfall tax. 

What's the point in operating there when you're just giving way all of your profits. 


prested wrote: Whether it be in business, marriage, or politics sometimes it has to be recognised that bankruptcy is the unavoidable answer. Europe no longer wants fuel from Russia, but wants to do so without pain. Like defaulting on a car payments but still wanting to drive it. Forget the moral justification for defaulting, there are consequences for doing so. And when you lose your car it is not reasonable to suggest that your neighbour should supply your transportion needs. Take the bus! In this case, use less fuel or get an alternative supplier, and you can't do that by holding a gun to the head of the potential supplier.


 


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