Vermilion Energy Inc T.VET

RE:RE:RE:RE:RE:Brutal

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On the graph the storage projections exceed capacity.  I am not sure if they plan to add storage or if they consider moored LNG cargo ships part of their storage.  LNG imports will keep TTF pricing higher than historical levels and keep VET in the black.  Managing profits without slipping into windfalls shouldn't be too hard.

Try not to forget that Europe is accomplishing a ll of this with reduced comfort levels and reduced manufacturing.  They won't want to be uncomfortable, (here comes the heat again) and they cannot afford to reduce manufacturing levels forever.

GLTA

Oldnagger wrote: Here are projected inventories of nat gas in Europe. They do indeed look brutal. Yet there is a rather simple solution and that is a diminution of imports. That however seems to run counter to what the Europeans desire as they seem to want to keep storage at capacity prior to next season

https://docs.google.com/spreadsheets/d/e/2PACX-1vRqXjIrFk3bCPS-0v1lwZq-lMJ0aBOQ2OUK7d9A_tFtIfDfIHu7Dqz4D5bP3yiKY2oQxoty98CuWRhL/pubchart?oid=1972508387&format=image