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 > There is no substitute for bankruptcy

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Comment by Oldnaggeron Nov 23, 2022 5:08pm

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Post# 35123384

RE:RE:RE:RE:RE:RE:There is no substitute for bankruptcy

Vermilion is but one smaller company in an industry dominated by large Multinationals. I believe those Multinationals will have a very vested interest in insuring that the European windfall taxes do not become a model for other countries around the world to copy. Otherwise it wil be a disaster for both the industry and all persons involved. For this reason , I am sure that even now politicians are looking for a way to back down. But more patience will be required !!
Remember many of those self same multinationals are European based and I believe have partial government ownership !!

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