Vermilion Energy Inc T.VET

good news bad news

[halitosis8]

the build in inventories was 620,000 barrels.  analysts were expecting a build of 1.68 million barrles.  I think VET will pop tomorrow but I've been wrong on this stock more than half the time.

[baranja]

Just to put this FRAUD in perspective. How amazing is that those insignificat numbers, move the price of oil for the whole planet, everytime they want to rig the pirce of oil USA needs exactly 19.9 Million of barrels of crude  per day o just keep the same level of activity.  And that is every single day.  Texas produces 3 to 4  millions and Alberta sends about 4 million

[baranja]

IRAN negotiations have nothing to do with "nukes" but all about Oil.  Biden is begging Iran for cheap oil and for continuing support for Petro-dollar.  It is all about Oil and Petro-dollar and that's the whole story and Biden is in begging mode now. Iran currently sells its oil for Euros and Yuans only and can only produce about 4 million barrels per day, no more. 

[Flyby1969]

This post has been removed in accordance with Community Policy

[bttmfischer]

Are you sure about Biden "begging" Iran for cheep oil? US is now a NET EXPORTER OF OIL, beside they can, and do buy discounted oil from Canada, which they can turn around and sell at a profit.

[alkhor]

The US consumes about  5 MMbll/d more than they produce, they are far from a net exporter. They do import Canadian oil oit west and ship some (about 200,000 bbl/d) to Canada out east, but still get oil from overseas.

[baranja]

Yes, I am sure. If you follow US politics especialy John Kerry for the last 10/15 years, you will see that he is the main guy for petro-dollar standard and he had many interviews stating that Iran sanctions will endager perodollar standard. Just look it up, google it. John Kerry petrodollar. HE is there to negotiate continuation of petodollar and access to Irans oil and NOTHING ELSE. US is not

[Oldnagger]

Go to eia.gov there you can find reliable facts about many things concerning petroleum !!\

[cleareye]

After reading the EIA report today I saw no reason for the drop in WTI based there. And, it appears that VET took an exagerated excursion downwards as a result. Just another day in May's ride. I was fortunate to buy some shares. cleareye.

[bttmfischer]

Well a couple of weeks ago I observed an interview with the US Deputy Energy Secretery,on CNBC. He was repetedly said that the US was now a NET ENERY EXPORTER. Also there is an article posted by CNBC in 2019, in which the US Energy Dept, claimes the in 2020 the US will be a NET Energ Exporter. There appears to be an inconstincesy on the topic. Are members of cabinet lying? 

[alkhor]

They are a net importer of oil but they export Natural gas, I'm not sure about electricity. The statement was also made in 2019, before Covid shut down 2 MMBbl/d of oil.

[TickerTwit]

The US has imported electricity from Canada in the past. I do not know if this continues. .

[Oldnagger]

The US imports about 60 Terawatt hours per year mostly from Canads. That would be equivalent to 150000 bpd of oil depending on efficiency ,power line losses etc.

[Pandora]

I have not fact checked this and do not have an original source link but I find it an interesting story. The photos will likely not post but they are of a parking lot with hundreds of EV's: Ya gotta wonder why all this anti-green information isn’t getting out to the general public. I guess there’s no money to be made!    

[Oldnagger]

A close friend left his job in the Marcellus , just as fracking was getting off the ground,, to work for a Danish wind turbine company. I argued that he was leaving a great opportunity for an uncertain future. But as a dedicated environmentalist , his choice was clear . Years later, he told me that he was moving back into the nat gas business.` I asked why the change ? His answer was that he had

[Pandora]

From the HPQ board another interesting article about the EV market: Tesla is not worth its high stock valuation   Toronto Star 22 May 2021 David Olive Tesla Inc. is one of the longest-running hoaxes in stock-market history. The pioneering electric-vehicle (EV) maker itself is real enough. Tesla made a record half million vehicles last year. Its 2020

[bttmfischer]

A potential bad news for Tesla, and snake oill salesman Musk. A friend of mine (a mechanical engineer) mentioned  in an email two weeks ago, that BMW is about to complete a new factory in Hungary, to manufacture  all-electric vehiles of a new design It might be a good time to short Tesla shares. In terms of designing skills and quality control, Tesla is not in the same league as BMW.

[Backinblack1000]

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[bttmfischer]

Do you know how much the US electric companies pay for the Canadian Electric power? About 30 months ago it was 6(six cents Canadian} per kilowatt. At the same time the rates Ontario customers paid an average of 11.4 cents per kW. Hydro One, 51% of which the Government of Ontario owns) urges home owners to buy power saving light bulbs and other GREEN DEVICES, and sells the excess power to our

[Oldnagger]

I recall there was a time that Ontario Hydro paid Quebec and some US States large sums  to take away the excess power that was generated in off peak hours by its  windturbines !! At one time Ontario Hydro had a public internet site that showed all this. The liberals answer to the dilemma was to take down the internet site !! The excess power created by the wind turbines could not be

[Backinblack1000]

This post has been removed in accordance with Community Policy

[Backinblack1000]

This post has been removed in accordance with Community Policy

[Oldnagger]

The energy picture is somewhat complicated for the US as not only crude but also nat gas ,petrochemicals, petroleum products, LNG  , coal and electricity have to be taken into consideration. most of the info can be found on the EIA site . But you will need to do your homework !! Crude Plus Products are in close balance, the US is probably a net importer of electricity but I would imagine that

[bttmfischer]

There is that. The context however in which the Deputy Energy Secretary made the statement a number of times was, the Keystone XL pipeline and the effect of the rise in the WTI price might have on it. Essentially he clamed that since the US EXPORTS MORE OIL  than it IMPORTS,  Keystone lost its importance in enery matters. He never mentioned electricity, or other forms of energy during

[Oldnagger]

The US has been a net importer of Crude for decades. The lowest imports were in May 2020 at 2 million bpd. Currently imports are above 3 million bpd. Either the Deputy Energy Secretary is full of baloney or the depsrtment that he administers (EIA) is !!

[bttmfischer]

Another, probable reason for it to justify their action of stopping Keystone XL, by giving blatent misinformation. Of course it wouldn't be the first time  the Dems did that.