Vermilion Energy Inc T.VET

Possible target for the interim bottom

[cleareye]

I think that a bottom of $4.55 US or $5.79 Canadian is a reasonable target for these shorters. Or, $5.89 Canadian and $4.64 US.

It's too bad that so many holders of this stock are selling into a market that is supportive of VET's cash flow sources.

We'll see if the bloodbath continues tomorrow or if cooler heads prevail and smart money steps in.

Wednesday is often a "change of fortunes day". Not sure if that will be the case tomorrow.

cleareye.

[RevT79]

Down 9% for no reason is crazy!!! they probably do it again tommorow if price of oil is goin south! those predator short selling attack don't give a fu"ck about nothing other than ther own profit! The fuc"ked up thing is that they don't even own the shares.....

[Backinblack1000]

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[OILGENIE]

API report due today EIA wed

[baranja]

If that is due to API, than it will be bulish. Bankers always take down oil stocks before bulish API  or EIA.  Arabs are slowly stoping selling oil to US.  Where would that oil come from?

[OILGENIE]

API just came out they are procjecting a drop of 5 mill crude bullish  back to 43 plus and pollibly 54 wed if EIA is the same

[baranja]

Yep, I told you bellow. They always attack oil companies before bulish API.. it is rigging 101. so the price of stock doesn't start climing from 7.5 dollars, but it is starting form 6 dollars. Banking criminals do that all the time.

[baranja]

Criminal activity, but politicians in Ottawa are purchased and payed for by those Banksters.

[OILGENIE]

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[Backinblack1000]

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[OILGENIE]

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[OILGENIE]

its important not to have a stop loss unless you are playing the high rollers day trading leveraged ETF

[shakka]

There is a major supply crunch coming for oil. When I say major, I mean crisis level type. Shale production is down 20pct from the peak and with Biden coming in, it will get worse on the Supply side. Demand is coming back and expect it to come back viciously in the 2nd half of this year. I don't see renewables becoming mainstream anytime soon. Oil is here and will remain here for many many

[OILGENIE]

stop loss were atacked lol not the first time I see this back n the green

[Fraser19]

You do realize the longs also only care about making profits, the entire reason to access the market is to obtain profit. . Whats your point?

[Tommy123]

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[shakka]

Get your head out of the sand. Limiting Oil Production will only cause a serious Supply issue. There is a oil crisis on horizon. With Cap Ex cuts and limiting drilling, where do you think oil prices will go? Demand isnt going anywhere and will rise 2nd half of this year. Buckle up! Only direction oil prices are heard are way way up!

[Fraser19]

Dead, far from it. The world still consumes 80+ million barrels a day. During non pandemic times it's been recorded I believe as high as 103 million barrels a day. Oil as a source for energy will decrease however we as a planet will still require massive amounts of petrochemicals for non energy related uses, however it will still be many decades before oil is eliminated as a source of energy

[shakka]

Screw the institutions. Generate free cash flow and buy back the shares. Witlh oil going to 60+ and much higher in 2021/2022 I am pretty sure they will come running back and watch the thesis/tone change. 

[Tommy123]

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