Vermilion Energy Inc T.VET

What do you think....

[stockmarket1]

With the EU proposing a $140 billioin dollar wndfall tax. How will VET now fair should that go through? 

Some posters on Yahoo forum are predicting VET shares fall to $20 CND and some well below $20.

[prested]

The Europeans are all clamouring to find money to fund their deficits and threatening energy companies is popular with the electorate in most countries there. The question is, will they be able to pursuade the companies, whose products they are desperate to obtian, to continue pumping when they have a gun at their head and their hand in their pockets? I don't see that as a recipe for

[Oldnagger]

This is all that I found on the internet on the subject EU plans to make fossil fuel firms share excess profits, draft shows | Reuters

[longonlargo2]

From the Globe this morning https://www.theglobeandmail.com/investing/markets/inside-the-market/article-fridays-analyst-upgrades-and-downgrades-223/ Scotia Capital analyst Jason Bouvier lowered his recommendation for Vermilion Energy Inc. ( VET-T -7.17%decrease   ) on Friday, warning of the drawbacks from a potential windfall tax in the European Union.   The

[Oldnagger]

Every dollar that is paid in excess profits tax , is a dollar that will not be spent on drilling for more oil or gas. Given the very high prices for nat gas , drilling would pay out for itself in an extremely short time frame, thereby leading to much greater future tax revenues. perhaps the oil industry should argue this case .(and perhaps use drilling capex as an offset to any windfall taxes) If

[stockmarket1]

Thx for the link O.L. The impression that I get reading that article is......All energy firms with properties in all of Europe--- which includes VET --- May have their share prices in the penalty box for a while. If this proposal gets the green light, that is. Which, but the looks of it, it will. So much for the glory road ahead, eh?  What's interesting is that some firms have a recent

[longonlargo2]

Sept 30 is when the EU has a meeting to discuss this. I saw this information at the beginning of the week but its not until todays article in the gloge that the stock reacted to the move. Still 30% on EU energy profits above the threshold plus 20% when the ttf has almost 10X (don't quote me on the multiple I can;t keep track of the ttf prices) is still a good problem to be had. Still kept his

[tarnoir]

Classic case of politicians not having a frigg'n clue about anything to do with economics. I remember back about 10-15 yrs ago the Brits doubled the royalty in the North Sea from 10% to 20% and touted this as "we're going to get 2X the $$ with this". Dumb asssses!!! They ended up getting less than when they were @ 10%. Hmmmm...guess what they eventuall did, yes, that's

[stockmarket1]

I agree but, with regards to your last comment below. If it does blow up in their face. How do we shareholders pay the price? Wouldn't you think the share price then rallies due to they not getting what they expected? Too me, that's positive. No? 

[mnztr]

Someone said it would have about 3% impact on FCF