The Globe and Mail reports in its Friday, July 21, edition that Canaccord Genuity analyst Mike Mueller commenced coverage on Vermilion Energy with a "buy" recommendation and a $24.50 share target. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $25.46. Mr. Mueller says in a note: "We believe the company's international exposure provides investors with a unique vehicle to participate in European natural gas and Brent crude prices, which sets the company apart from its domestic peers. However, we recognize that the numerous geographies the company operates in bring increased risk from a policy standpoint, which could hamper cash flows (as was the case with the windfall taxes in 2022). We believe significant upside remains given volatility in the European natural gas market and believe Vermilion stands alone in its positioning to benefit from this." The Globe reported on March 14 that Desjardins analyst Chris MacCulloch was sticking with his "buy" call on Vermilion. It was then worth $18.36. The Globe reported on May 5 that TD analyst Menno Hulshof was sticking with his "hold" recommendation for Vermilion Energy, which was then worth $16.11.