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

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Vermilion Energy Inc > Russia to accept only Rubles for gas from EU...

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Post by mnztr on Mar 23, 2022 10:54am

Russia to accept only Rubles for gas from EU...

https://tass.com/economy/1426397

Well this is gonna throw a wrench in the works.

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Comment by aphill on Mar 23, 2022 11:06am

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Comment by Moemoney42 on Mar 23, 2022 2:06pm

Well that "opinion" flys in the face that a number of countries are now looking at weaning themselves off Russian oil.. of course Russian gas is still moving through Ukraine.. they have no alternatives that would fill the void of shutting it off..! But rest assured.. as of this war, there will be a concerted effort by countries to distance themselves from "blood crude" going ...more

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Comment by mnztr on Mar 23, 2022 3:15pm

Russian oil will still move, if Russian oil gets removed from global markets we are in for a hell of a depression as oil its 250-300 .China and Inda will buy Russian oil, they have a large enough market to absorb all of it, that will free up Saudi oil for the Europeans Of course you have issues with grade, so I assume some blending will occur with Russian oil in Saudi or other locations. It ...more

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