Calgary-based Vermilion Energy posts $1.3B loss on oil and gas assets writedown
![Calgary-based Vermilion Energy posts $1.3B loss on oil and gas assets writedown](https://shawglobalnews.files.wordpress.com/2020/04/vermilionfileresized.jpg?quality=70&strip=all&w=720&h=469&crop=1)
A $1.2-billion writedown in the value of its oil and gas assets around the world due to low global commodity prices resulted in a first-quarter net loss of $1.3 billion or $8.42 per share for Vermilion Energy Inc., the energy producer announced Tuesday.