Vermilion Energy Inc T.VET

VET Upgraded.....

[stockmarket1]

J.P. Morgan which has been negative on VET with a sell rating, has changed it's tune. They now upgraded VET to $40 CDN. Almost all target prices are $40 or very close to it. So, it's just a matter of time before these energy shares begin to surge up again. Whethe it be 3,4,6 monhs from now is anyone's guess but, it will happen. Winter is approaching, Hurricane season, and the European issue isn't over yet so, hang on to your seats.

[Oldnagger]

Everyone, except Nuttal has caught on ; or has he ? he is on BNN market call at noon today

[stockmarket1]

Big deal if he's on. #1) he will not talk about VET because he'll choose to ignore the call. #2) if he does, he'll just say the same ole comment that he's always be saying. Scatter all over the world , there are better buys, blah blah blah. Fly by night.

[stockmarket1]

I'm surprised that he spoke about VET in a bit more detail. He wasn't so negative this time. Hmmm

[Pandora]

His big theme today is all about share buybacks. A few companies with huge share numbers and he claims them buying back shares is better for the shareholder than dividends. I tuned in late so do not know if anyone called in re VET.

[stockmarket1]

You didn't read my post below. He did talk about VET> 

[Pandora]

My apologies for not reading your post below. Dumb mistake on my part I guess. I will try not to let it happen again! :-))

[stockmarket1]

Lol. It's all good Pan :). My apologies if my response was a bit " rough". Words online can be misinterpreted. Btw, I mentioned previously that some on the yahoo forums think VET will sink into the $20 range because of today's E.U news. What are your thoughts on that? I enjoy your views.:).

[Pandora]

I know there are a lot smarter guys on here than me to give you an analysis re the effects of a windfall tax on the price of VET. I look to them for direction. Another factor in prices these days is the political games being played south of the border. I expect prices to definitely reverse and go in the uptrend after the early November election -- and possibly a little before. There is a big

[Oldnagger]

Last time I looked Europeans were net importers of nat gas and crude. Borh of those products can easily be shipped elsewhere. Any tax imposed on suppliers will simply be added to the price of the fuel. Thus it will be the consumers who pay the tax not the producers !!

[Abedim15]

Unfortunately the nature of the tax imposed doesn't allow for suppliers to pass on the cost on to consumers. As I expect you appreciate the windfall tax is an income tax. Basically, although it's supposed to only apply to excess profits, You pay an extra 33% beyond what you ordinarily pay in the individual country within the EU.  The comical and very much arguable part is that "

[Oldnagger]

True , yet the tax is unworkable, multinationals will simply shift their profitable businesses elsewhere. That will cause even more severe supply problems in Europe leading to much higher prices . Probably will lead to larger price increases than the amount of any taxes. Don't forget that the Europeans have already burnt their bridges with the majors To wit Shell , BP , Exxon etc.