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 > LNG

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Comment by Quintessential1on Jul 16, 2023 9:28am

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Post# 35543109

RE:RE:RE:LNG

Heat waves won't help European NG storage and it is only mid July.

https://www.cnn.com/travel/article/italy-health-warning-europe-heatwave-saturday-intl/index.html

GLTA

Quintessential1 wrote: Europe has to keep buying. Their close to full storage is a false safety net as their storage is just a fraction of their usage.

The fact that Asia is going to compete for the available cargos bodes well for global demand.

I am not sure we will see those high TTF prices of last year, probably a good thing as WFTs wipe out a lot of the extra gains associated with them but, we should see a higher overall blended global average price as NG becomes more of a world traded commidity. NG producers every where will benefit.

VET will benefit more in those areas where its transportation costs remain low as it in the right places at the right times.

GLTY and all

tylerreddick wrote: If Europe doesn't keep buying, that is a very bad thing for gas prices.