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How Does The Vermilion (VET) Stock Price Increase By 3% Pre-hours?

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Vermilion Energy Inc. (VET) shares are up 2.68% in pre-market trading at $6.90. Yesterday, Vermilion stock closed at $6.72, up 2.28% or $0.15. Throughout the day, VET shares fluctuated between $6.41 and $6.83. A total of 2,042,000 shares of VET stock were exchanged on the day, a higher volume than the company’s 50-day average of 2,032,000 and lower than its Year-to-date average of 2,412,000. The new additions to the board seem to show that VET stock is continuing to rally after yesterday’s rally.

Who are the new members of the Vet Team?

Vermilion operates internationally, acquiring, exploring, developing, and optimizing production assets in North America, Europe, and Australia. In addition to generating free cash flow and returning capital to investors, VET makes value-adding acquisitions. Vet’s operations revolve around the exploration and development of conventional oil and gas resources in North America, as well as in Europe and Australia.

Vermilion Ms. Manjit Sharma and Ms. Judy Steele were appointed yesterday to Vermilion’s Board of Directors.

  • The expertise Ms. Sharma brings to a variety of industry sectors comes from over 25 years in the field.
  • In her previous role, she led the finance, real estate, procurement, tax, and shared services functions for WSP Canada.
  • From 2007 to 2011, Ms. Sharma served as Vice President, Finance & Shared Services Leader. Since 2016, she has served as the Chief Financial Officer of GE Canada.
  • Prior to joining the company, she has held roles in mergers and acquisitions, tax management, risk management, governance, and diversity and inclusion.
  • Steele was recently the President and Chief Operating Officer of Emera Energy Inc., a leading trading and marketing organization for natural gas and power. Her responsibilities include commercial performance, operations, business growth, risk management, and team development and leadership.
  • In addition to hydro, wind, biomass, and natural gas-fired electrical generating facilities, Ms. Steele has been involved with managing various energy businesses.
  • In addition to being a member of Emera Inc., she also serves on the Emera Board at Leadership Safety Advisory Council, Emera’s sustainability management team, and the company’s corporate leadership team.
  • The previous roles held by Ms. Steele included executive and senior management positions within Emera Inc., including public affairs strategy, media relations, government relations, philanthropy, and investor communications.

VET will be benefited in what way?

Ms. Sharma and Ms. Steele were welcomed by VET to become part of its board. With their diverse backgrounds, perspectives and expertise, both newly appointed directors will contribute to Vermilion (VET)’s success.

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