Why Vermilion Energy Stock Popped by Nearly 12% Today
On Monday, shares of Vermilion Energy (NYSE: VET) were a hot item on the market, rising to a nearly 12% gain across the trading day. In the estimation of Scotiabank's (NYSE: BNS) Jason Bouvier, Vermilion is now a sector outperform (i.e., buy), up from the former recommendation of sector perform (hold). Bouvier feels that Vermilion's share price has largely moved in concert with peer oil and gas companies on the back of a general decline in oil prices.
