Vermilion Energy Inc T.VET

Looking to exit...

[Poise1]

Strong rumour they want out of SE Sask.  Looking for a sale or a deal...that would explain the lack of licences and activity.  Stupid idea.  SE Sask if treated carefully is the bread and butter for success.

[ThatAlbertaGuy]

who would buy them out you think  ? Tundra ? CP ? Whitecap? 

[Poise1]

Most likely Whitecap.  They are consolidating many SE Sask assets.  I do know they are also looking at CPG non Bakken assets. Currently CPG has a hold on any minor deals with the privates.  Bottom line Vermillion failed miserably in SE Sask...to proud to take advice from the long standing privates.  Too bad..

[Backinblack1000]

This post has been removed in accordance with Community Policy

[ThatAlbertaGuy]

Looked into it and has ,   Top Ten Holdings as of 12/31/2020 Seven Generations Energy Ltd 10.5% Enerplus Corp 9.3% Meg Energy Corp 9.1% Canadian Natural Resources Ltd 9.0% Tamarack Valley Energy Ltd 8.6% Tourmaline Oil Corp 8.1% Torc Oil &

[shakka]

Gold old Nuttal. This guys flip flops on picks when it suits him. Just a month ago he 'hated' VET due to its diversification. Probably wanted the price lower to enter. What a bum! This stock is best positioned for the oil recovery. The diversification is what will get the $$$$$$$ with Brent and euro gas prices. Dont forget the premium on the Australian oil! $20+ by Q2 is my guess

[mnztr]

Maybe there are better areas for them to expand or they see more value in buying back the stock? They want to grow where the pipeline capacity will be.

[shakka]

Expand in Europe and Australia. That is where we get the premium pricing with Brent and Euro Gas.