Vermilion Energy Inc T.VET

As I said before, inventory is an big problem with VET.

[EnergyWatcher55]

VET has six years left of inventory. Whereas MEG has 27 years. Eric Nuttal concurs.

[Quintessential1]

Inventory is a solvable problem.  So is Nuttal...stop listening. GLTA Longs

[EnergyWatcher55]

Funny, you seem to be new to VET. If its solvable, then get VET to hire you and solve it! Pretty sure Eric Nuttal knows what he tallking about. Any you are? Good luck.

[GregC24]

If you think he is new you definitely are new.   And it is solvable.  You make deals like VET did with Coribb.   Eric's point is that a company like MEG doesn't need to do that as they have a long life of reserves.   So while one company is going to need to spend there ample free cash flow to acquire more reserves the other does not.   But it's not fatal.  

[Quintessential1]

Not to mention the 2.35 million acres in Croatia that is having a gas plant relocated to it as we speak in anticipation of the wells that will be drilled in 2022. When Nuttal talks about reserves, he is talking about proven reserves.  VET finds reserves and proves them and they do it in Europe where the NG is expensive.  Here is a link:   https://www.vermilionenergy.com/our

[mnztr]

The thing is VET has land inventory, not proven reseves like an oil sand company. They have VERY HIGH netbacks, which means a) their land is good, and b) they are excellent at drilling. So they invest in new wells to serve a production horizon. Because the wells are not drilled they are not proven and thus cannot be on the balance sheet. But the oil is there. 

[Oldnagger]

I think Eric Nuttal may not know what he is talking about . Do your own due diligence. start with the presentations and the financials. You will (l)earn a lot more . PDP is 5 years 2P RLI is 13 years. VET also has an amazing land inventory of highly prospectivee Gas and Oil in Europe As Gretzky always said skate to where the puck is going. Having large heavy oil reserves in Canada is much more

[Chandler97]

I like Nuttall, he is well spoken and he is a 'numbers' guy.  That being said, he is comparing apples to oranges when comparing VET to other Canadian oil and gas stocks. VET has the best numbers 44%/1.5 of ANY stock he mentioned today. Bar none. And anyone but a complete novice can see that their land options are as good as any other company in Europe.  I believe that

[Oldnagger]

A few more points about reserves. What really interests us as investors is the reserves value (usually calculated as net present value for future cash flows discounted at 10 % per year ) The reserves value should then be compared to the share price. This is what we will see next week , so I will defer commenting until I see the numbers. Nevertheless , I believe the ratio of reserves values to

[GOWEST]

No problem, all they have to do is drill. VET is not a oil sands property they don't need to carry 27 years of inventory