Cibc World Markets Inc Decreased Vermilion Energy Inc (Put) (NYSE:VET) Stake By $31.98 Million

August 12, 2018 - By Pearl Odom

Vermilion Energy Inc. (NYSE:VET) Logo

Cibc World Markets Inc decreased its stake in Vermilion Energy Inc (Put) (NYSE:VET) by 97.26% based on its latest 2018Q2 regulatory filing with the SEC. Cibc World Markets Inc sold 888,404 shares as the company’s stock rose 0.55% while stock markets declined. The institutional investor held 25,000 shares of the oil & gas production company at the end of 2018Q2, valued at $900,000, down from 913,404 at the end of the previous reported quarter. Cibc World Markets Inc who had been investing in Vermilion Energy Inc (Put) for a number of months, seems to be less bullish one the $4.95B market cap company. The stock decreased 1.01% or $0.33 during the last trading session, reaching $32.22. About 148,050 shares traded. Vermilion Energy Inc. (NYSE:VET) has risen 7.75% since August 13, 2017 and is uptrending. It has underperformed by 4.82% the S&P500.

Vermilion Energy Inc. acquires, explores, develops, and produces natural gas and crude oil in North America, Europe, and Australia. The company has market cap of $4.95 billion. As of December 31, 2016, it owned 74% interest in 328,500 net acres of developed land and 89% interest in 500,300 net acres of undeveloped land, as well as 358 net producing natural gas wells and 445 net producing oil wells in Canada; and 96% interest in 208,900 net acres of developed land and 100% interest in 336,600 net acres of undeveloped land in the Aquitaine and Paris Basins, as well as 331 net producing oil wells in France. It currently has negative earnings. The firm also owned 56% interest in 841,500 net acres of land, as well as 37 net producing gas wells in the Netherlands; 25,800 net acres of developed and 1,054,900 net acres of undeveloped land, as well as 111 net producing oil wells and 7 net producing natural gas wells in Germany; and 97,200 net acres of land and 9 net producing oil wells in the United States.

More news for Vermilion Energy Inc. (NYSE:VET) were recently published by: Seekingalpha.com, which released: “More on Vermilion Energy Q2 results” on July 30, 2018. Benzinga.com‘s article titled: “US Shale, Offshore, Latin American and Private Oil and Gas Producers to Speak at EnerCom’s – The Oil & Gas …” and published on August 09, 2018 is yet another important article.

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