Vermilion Energy Inc T.VET

Look

[marketsense]

They keep trying to knock oil down but it keeps coming back.  Why is that I wonder.?Supply can't be increased and SPR releases are going to come to an end.  Raising
rates won't solve any supply issues but will only make goods more expensive.

Bottom line,  inflation will be stubborn as long as oil prices hold up.  Their prescription
is not a solution but what else can the Fed do.   They will end up crushing the economy and cause more misery than what we have now.  In order to drop demand bigger hikes are needed and the consequences will be ugly.  More unemployment,  bankruptcies and less gov't revenue is what I envision all in order to kill demand.

Killing demand is also going to kill the patient and once you have done that it will be
extremley difficult to ressucitate.  Meanwhile Putins smirk will become wider.

[Moemoney42]

I'd like to add.. remember India, China and now Brazil are buying those sale price Russian barrels to the tune of ~$30 below today's prices.. so the demand destruction may in fact not really materialize as much as anticipated, even with a recession in NA and Europe... That's nearly 3 billion people that won't be affected by these high energy prices.. food for thought.. 

[Oldnagger]

The pressure on Crude prices has come from the selling of paper barrels not physical barrels. Whereas producer sales can be supplied by EFP s (exchange for physical) , the sale of paper barrels by speculators must be bought back. Layer that on top of SPR dumping and the boomerang effect will be very large indeed !!

[Moemoney42]

Yup.. yup.. and ..YUP..!

[Pandora]

"May 19th, 2022 Elon Musk is against it. But Amazon is all for it. In fact, these tech titans are clashing right now over what technology will carry us out of the fossil fuel age. For companies like Tesla, lithium-ion battery technology is the future. You see, these batteries have become an integral part of our daily lives, and everyone is desperately trying to build faster, cheaper

[Oldnagger]

All the dreamers and schemers always over look one vital fact, and that is the need for huge amounts of storage to overcome the varying energy needs of an energy hungry planet. Not only storage but also the crucial need to transport energy from one locale to another. To do this at present the planet has a vast network of crude tanks, nat gas salt domes coal piles etcetera. And that is just at the

[Oldnagger]

Read the following article. these morons are completely brain dead !! Feds propose to cap oil, gas emissions using industry-specific carbon pricing system (msn.com)

[Ebankbank]

Governments are not tuned into the street ? They just want to get re-elected? I just received 307 bucks for carbon credit duh!!!!! Why taxed carbon then send cash incentives back to the voters. 

[VeritasVern]

It's income redistribution. For example you pay $1000 in carbon tax, and get $300 back. Low income earners perhaps pay $300 but get $1000 back. That is in addition to the progressive income tax that also redistributes income in the form of benefits that lower income earners get but mid-high ones do not. Stay tuned for when they announce the Garanteed Min Income for Canadians. That policy will

[stockmarket1]

That comment confuses me. What does that mean " whether you work or not " ? How does that apply to current high salary income earners ( all sectors ) making $100,000+ a yr ?  #2 ) How about salaried workers in the retail sector who are currently earning -- let say -- $50K a year?  $20,000 a year divided by a full time hourly worker works out to be less than $10 an hour lol

[Pandora]

Rumour out that the White House will likely be issuing an "Emergency Declaration" on Climate Change this week. What foolhardy thing might that bring? Biden keeps uttering that climate change is an "existential threat" so I guess he is going to do an executive order to "save the world"! I just hate to admit he is almost as old as me and keeps doing these stupid

[Moemoney42]

Yup I read that too.. OMG.. I guess when he didn't get a commitment from MBS he has to do another knee jerk reaction.. what could possibly go wrong..!!! obviously he didn't learn from his last big save the planet by cancelling Keystone XL first day in office.. I've said this before.. its the insane running the asylum.. :-0

[Pandora]

From a board that's pro EV's. Talking about shutting down oil by rail?? Cut off your nose to spite your face? Which fanatic is really running the show down there? Economic Agenda Awesome For EV business Looking to salvage his environmental agenda, President Biden is considering declaring a national climate emergency as soon as this week, according to the Washington Post. The

[Moemoney42]

Yup read that same article.. the old fool is losing it.. this so called "transition" will take decades to play out and you don't kill the golden goose when the new chicks are a long ways away from laying eggs.. reminds me of an old band from my teens.. Aldo Nova.. had a hit called "Fantasy".. it should be on Biden's play list..! 

[Oldnagger]

I do believe that we are once again in silly season, in the midst of warm weather and elections due in November. A hurricane or two will drive the point home politically, but may have another much more dire effect if a refinery or two is knocked out. Perhaps these politicians should be talking about what steps they are taking to shore up energy reliability rather than blathering about how they are

[Pandora]

Trouble with that Oldnagger is that I don't believe thoughts such as "energy reliability" and maybe "transition in a reasonable time frame" are anywhere in their agenda. They prefer "existential threat" and words to that effect. Project fear into the minions!

[bttmfischer]

What a pure pile of trash! The earth's climate has been changing for thousands of years! Right where I am stting now to type this, the ground was covered by 250 feet+/- of ice. That ice then melted later on, that's how we got THE GREAT LAKES, and the 180,000+/- lakes in Ontario alone. How many automobiles aeroplanes, factories were there then to do this melting?  ZERO ! It was the sun

[stockmarket1]

Awesome lol. Love this!

[Oldnagger]

Very true, unfortunately a whole set of vested interests are now reliant on the climate change story. If nothing else, it is a way for incompetent leaders to hide their own lack of ability.  If they take this farce too far , the public will revolt. Nothing like hunger and deprivation to concentrate the mind !! Could it happen here ? Not too likely as long as we develop our resources , Yet

[Pandora]

collect more taxes and spend at a much higher level (the public purse).

[Quintessential1]

You should call up all the scientists and inform them of that ice melting into the great lakes thing. I am not sure they are aware. GLTA

[Oldnagger]

For anyone interested in climate, I would recommend they start here. Do not google ice age ,that wii get you the childrens movie, which is much more popular amongst the population. Some times ,I wonder , when politicians talk about Climate change are they referring to the science or to the movie ? https://en.m.wikipedia.org/wiki/Ice_age

[Oldnagger]

The effect of hot weather in Europe on alternate power suppliers.  https://fortune.com/2022/07/19/europe-solar-panels-lose-efficiency-in-high-temperatures/

[Pandora]

Did anyone listen to Biden and his speech in Massachusetts today? Some hyperbole never changes. https://www.theguardian.com/us-news/live/2022/jul/20/biden-climate-crisis-emergency-us-politics-latest-live He envisions the whole east coast offshore to be filled with windmills. His declaration of an emergency has been put off for now. Having lived in this climate changing world for 82 years now I

[VeritasVern]

It's called the Guaranteed Minimum Income. Google it. If you make $50k a year obviously you don't qualify but if you make $10K then you are topped up and if you make zero then you get paid for sitting at home. 

[stockmarket1]

Ok, I Got it. So, its a bump up in pay for the underachievers, let's say. I misunderstood it. Thanks.

[Pandora]

It appears the only government that is dumber than the one in Washington is the one in Ottawa. If you think inflation is making things expensive wait until you put this on top of it.

[Quintessential1]

The Oil Sands Pathway Alliance, with six of the biggest oilsands companies on board, is aiming to get emissions to net zero by 2050, mainly through carbon capture and storage projects that trap greenhouse gases before they go into the atmosphere and then store them back underground. If they have already targeted themselves to net zero by 2050 then a 40-45% reduction by 2030 should already be in

[Pandora]

It's off topic so if you have no interest just pass on it. I believe it has been around for a while but it is, or should be, of interest to most of us. "Peter Brown is the founder of one of Canada largest brokerage firms and as such, has access to good research and key economic data and I think he used to be a Liberal. Peter Brown - Founder Canaccord Capital - Letter in Globe and Mail

[Pandora]

To go with the subject line "Look" has anyone seen the new Trudeau look with a big haircut? Is that to prove half the nation did not vote for him just because of his hairdo?

[Quintessential1]

Mythbusting: The “Federal Benefit Payment” chain letter July 14, 2021 Our advocacy team receives regular calls and emails about a viral chain letter falsely claiming that the “Federal Benefit Payment” is a Ponzi scheme.