Vermilion Energy Inc T.VET

Stigma

[Oldnagger]

It seems there is now a stigma on large cap or national companies against acquiring further petroleum investments. So ,for those who need to divest, the buyers are much rarer. This has left the doors wide open for smaller operators such as VET to acquire assets (particularly neighbouring assets ),at magnificent prices. Screw the dividend snack . I'm starving !!

[bubbamoe42]

This post has been removed in accordance with Community Policy

[Maxmoe]

Google tells me the remaining interest was acquired from shell by our very own cppib. So the Canadian taxpayers will all benefit at the expense of the Norwegian taxpayers. Irony anybody? Or will turdeau interfere with cppib and force our country's pension plan to sell at firesale prices as well? 

[Rational43]

Yup, Shell ran in 2018, and Statoil (Equinor - notice they had to drop the "Oil" from their name) turned tail and ran today.  Canada Pension Plan and Vermillion are now the owners of the project, with approx. 1 TCF of NG in place, 594 BCF recoverable. 

[CashGreenGold]

beautiful...

[bubbamoe42]

This post has been removed in accordance with Community Policy

[Maxmoe]

Yes, thankfully Canadian government or semi government pension funds jealousy guard their independence from political influence. They know if the door is open even a sliver, the idiots will soon overfill the room. Cppib,omers,teachers,even caisse all know this.  

[Oldnagger]

For those who may be interested in making money and diversifying at the same time, There is a small (44kbpd) Canadian company called International Petroleum Corp. (IPCO) that is analagous to VET in that they have operations in Europe ,Asia and Canada. Their product slate is different in that they have Sagd production in Canada And very little nat gas outside Canada.Yet with low debt and very high

[CashGreenGold]

thanks Naggger!