Vermilion Energy Inc T.VET

Imagine the conversations...

[prested]

..that are going on between energy companies and bureaucrats. The Oil companies explaining to the cretins that time is a factor here. The Europeans need the energy more than they need the windfall profits, which they will be using to cushion the effect of higher gas prices to the unwashed.The energy companies will explain in detail that they can help with energy or they can help by allowing themselves to be robbed, but they can't or wont do both. Governments are woking on the assumption that the Ukraine war will be over by next winter because Ukraine will have come to terms with Russia. No, they wont Therefore, the supply problem continues, and if they want the cooperation of the energy suppliers they need to decide whether the long term goals of independent supplies come from companies with a gun to their head, or from partners who work together.

[Moemoney42]

It wouldn't surprise me to see some easing of those taxes with a caveat that the companies subject to them pay the equivelant of the tax into capex to avoid the tax.. thereby assuring a more robust supply locally which is the best endgame for everyone in the EU.. more tax from royalties, more tax to the workers needed, more local spin offs, etc. etc.  How can any sensible person not see

[Citizen13]

Any way you look at this , it's very very disturbing . If I were the oil industry I'd lawyer up and sue the sh** out of these governments.  They cant make money in the bad times and cant make a profit in the good times ?  The government is far overreaching their power and mandates. This should make you worry at night even if you are not an investor. What's next ?  You

[Abedim15]

Just listened to the Q & A after the conference call. Apparently there is a requirement that each individual country specify the terms of the windfall tax by Dec 31st. That doesn't necessarily mean that options available to offset a portion of the tax will be specified. If in fact there are any. It should however be specific on how much they are going to collect. Whether it is for 22 and

[stockmarket1]

Thanks for the info. Doesn't sound to positive if you think about it. VET isn't in a " fabulous " state when it comes to the balance sheet. Where would they get this money from overall? The share buy back money that is no suspended? Is being a O& G company even worth it to operate in Europe now? 

[Abedim15]

That was another question... what does the payment structure/schedule look like. Specifics are unknown at this time but should be clear by year end. Regardless, I gotta suck it up for now, wait and see what happens in the new year. It's easy for these European leaders to be smug when you have a full tank of gas but things may change.  I'm reminded of the story of the drug dealer

[marketsense]

Short of outright confiscation,  I can think of no better way to disincentivize an industry that you so desperately need,  than to to take away their profits after they have risked their capitol to make those profits.   This is stupidity of the highest order but plays well to the ignorant masses who love to see gov't act on their behalf.  Nothing but pure scapegoating and

[stockmarket1]

What's sad is today the general markets are roaring beyond belief. And if it wasn't for this windfall tax garbage...vet would be flying high. Always a rotten apple in the fricken bag. I'm now wondering if the posters on the other forums are right. Low $20's possibly. Sucks ... These oil and company should get together and halt production, period. See how that goes. I know that

[Oldnagger]

Hopefully the pain of a windfall tax won't be as bad as it has been projected to be. At the very least , any tax paid will not be available for further investment . Better would be investment tax credits or other offsets. From an economic point of view, the only thing worse than a tax is the uncertainty that has been and still is being created. blowing off the fossil fuel producers will not do

[Citizen13]

Part of a companies ability to invest is their share price. Thats what the stock market was originally set up for.  So this horrific threat of a windfall tax will help Europe gain more stable suppliers of gas ?  LOL. The parties of no common sense.  If I were VET I'd refuse to pay a dime , see where the courts go with this thievery. 

[TimeBuilder]

Turdope does not care as the Tax payers pay for everything he needs... IMO And maybe most PM;s can be included !!!

[stockmarket1]

It's all about control! AND....it seems like with this " green climate " movement. Punish the sectors that are the opposite. IE OIL and GAS. The windfall tax and here in Canada -- taxing the buy-backs. Oil and Gas sector has in the butt in both directions.