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 > EU gas price cap.

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Comment by Citizen13on Dec 13, 2022 11:00am

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Post# 35168417

RE:RE:EU gas price cap.

Yes I know it's not a viable response. It's a fantasy. LOL. Governments are so angry at OPEC for being a cartel , but what are they ? They see what they can get away with and not suffer repercussions . A mafia. Give us a piece of the action or else. Our Liberal government sits in a board room every day figuring out how to make government bigger and new unique ways to tax us. And the peons will continue to vote them in. The new immigrants who were handed massive cheques will never forget who gave it to them. And inflation is rampant for some reason. Part of the reason supply is so low is that the O&G industry has been ruthlessly bullied by the woke . And these new taxes and caps are going to help the supply ? Only going to get much worse.

Quintessential1 wrote: This is the problem they will face. At least for those that are buying LNG. It is a global commodity and global commodity prices must be paid. For those that are being supplied domestically the windfall tax is already extracting its pound of flesh.

"EU energy ministers have been forced into five emergency meetings because they cannot come to agreement on a maximum ceiling to pay for gas because of fear that global suppliers will simply bypass Europe when others offer more money."

I know you are frustrated with the process and that your suggestion is just not serious.

I for one never thought that they would just sit back and pay when the first forecasts of extremely higher O&G prices came to light. I wasn't sure what they would do or could do but "freeze in the dark" is not something they are prepared to, or will, do nor did i expect them to or let their citizens do it.

That being said I think the big underlying mistake they made was relying on Russia for their energy needs and I do not think they will ever do that again.

GLTA

Citizen13 wrote: Is this VET's next shoe to drop ? They're going to cap the price and tthen tax the rest to death ? Just keeps getting better and better . Like I said before, turn the taps off , let them freeze in the dark for a month and these idiots will never do this again. A total collapse of free markets .