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Bullboard - Stock Discussion Forum 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... see more

TSX:VET - Post Discussion

Vermilion Energy Inc > Oil headed to $150 on sanctions...
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Post by mnztr on Mar 02, 2022 5:46am

Oil headed to $150 on sanctions...

Apparently even though Russian oil has NOT been sanctioned, the wide ranging sanctions have apparenlt taken a great deal of Russian oil off the market as people are afraid to buy it or insure shipmenst etc due to the extennsive sanctions. so 2-4m bbls is now effetectively off the marlket.
Comment by ronster65 on Mar 02, 2022 7:18am
Canada has banned any ship from Russia from entering any port within Canada. Sine there are no Oceanic piplines in existance the only way to transport Russian Oil is Via Ship. I am sure many Russian ships are registered in Panama BUT if they remove that loophole OR if the origin of the product on the ship disqualifies it, then no Russian Oil can get here.
Vermilion Energy Inc