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 > June Start

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Comment by downwithdotcom1on Jun 04, 2024 6:53pm

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Post# 36072188

RE:RE:June Start

indeed-OPEC extended voluntary cuts as expected into 2025 but changed the wording for hard quotas to allow for potential increases if/only as needed..BAD NEWS-just allowed the dark pool hedge funds to start selling/shorting everything connected to oil on this ambiguity AS ALWAYS..with today's bad API report (inventory increases across the board) confirmed by bad EIA numbers tomorrow we could be testing $70 WTI as the market almost always goes into oversold territory...easy come, easy go i guess..WORSE NEWS is that VET is a higher BETA trade and therefore almost always sells off more inspite of a highly profitable hedge book and the recent spike in EUR nat gas..stay tuned..dwdc

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