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Stock impact report

Vermilion Energy Sees Lower 2Q Production -- Energy Comment [MarketWatch]

Vermilion Energy Inc. Common (Canada) (VET) 
Last vermilion energy inc. common (canada) earnings: 4/28 04:05 pm Check Earnings Report
Company Research Source: MarketWatch
Second-quarter production is likely to be below first-quarter levels but within its guidance of 83,000 to 85,000 barrels of oil equivalent a day, the international energy producer said. Vermilion Energy attributed the decline to planned turnaround activity and limited contribution from its Leucrotta Exploration Inc. acquisition. Vermilion Energy bought Leucrotta on March 28 for a net purchase price of $477 million. The company expects to close on the deal later this month. The company had 86,213 barrels of oil equivalent a day in the first quarter and 86,335 barrels a day in the second quarter of 2021. On its North American operations: Production averaged 56,598 barrels of oil equivalent a day in the first quarter, down from 56,780 barrels a day a year ago. On its international operations: Production averaged 29,616 barrels of oil equivalent a day in the first quarter, up from 29,496 barrels a day a year ago, with higher output in Germany and Australia in the three months Show less Read more
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