Investor Relations Questions's questions to Vermilion Energy Inc (VET) leadership • Q4 2024
Question
Questions submitted to Investor Relations, read by VP Kyle Preston, covered the long-term development potential of the Germany deep gas program, the potential impact from U.S. tariffs on Canadian energy, and why the company's stock trades with oil prices despite its strategic shift to becoming a global gas company.
Answer
President and CEO Dion Hatcher outlined a long-term German development runway of over 30 locations that could more than double European reserves. CFO Lars Glemser stated that due to portfolio diversification, U.S. tariffs are not expected to have a material impact. Mr. Hatcher attributed the stock's valuation disconnect to timing, stating the recent shift to gas, combined with premium European price exposure, should be recognized over time.