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.

TSX:VET - Post by User

Vermilion Energy Inc > Equinor to buy Suncor North Sea assets

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Post by Oldnaggeron Mar 01, 2023 7:17am

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Post# 35311737

Equinor to buy Suncor North Sea assets

Stock house , please do not erase. This is not off topic. Rather note the reasons for the purchase -----
Utilization of Suncor's tax losses. Admittedly, they are talking about Britain not Ireland. Yet I see no reason why the two tax regimes would be different in structure !!
For readers here , please note it seems that it has been an unresolved issue amongst ourselves whether VET would be able to use its substantial tax losses to offset the huge windfall taxes imposed by Ireland in particular and less so for the EUR .

https://www.reuters.com/markets/deals/norways-equinor-nears-deal-buy-suncors-uk-oilfields-2023-03-01/

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