Vermilion Energy Inc T.VET

OPEC + view

[Oldnagger]

I am with OPEC , they are the ones who will make the final decision on Crude price . The market is still very tight and will get tighter the longer that prices stay down

https://boereport.com/2023/03/16/opec-views-oil-price-drop-as-financially-driven-delegates-say/

[Oldnagger]

If anyone missed the lessons of 2020, that lesson is that the petroleum industry does know how to manage supply !!!

[prested]

OPEC is not the main problem for the SP the windfall tax is. Until that is removed we aren't going to see the true value  of our investment. I don't think the drop in crude will significantly effect VET as they are a different company than they were when they had huge debt. Their bottom line will be similar as less cash is going to service debt, which makes up for any reduction in the

[Oldnagger]

I think the drop in share prices due to the Windfall tax was when the share prices dropped to about 24 $ . Since then both the drop off in all the commodities Euro gas prices ,Crude and North American gas prices in that order have affected the share price. Regardless, the effect will be very temporary, prices are all way to far down !! 

[RiverCartel]

I was thinking the same thing. TBH I got back in just below that price, thinking the WFT was already priced in. I am still bullish on oil long term. My thoughts are that this bank fiasco has pulled oil down too far, to fast. WTI will bounce around $60 and not get any lower. At this time the US has to be fillign the SPR, they would be crazy not to be buying back as much oil at this price as