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Veren Inc T.CPG


Primary Symbol: T.VRN Alternate Symbol(s):  VRN

Veren Inc., formerly Crescent Point Energy Corp., is a Canada-based oil and gas exploration company. The Company is engaged in the business of acquiring, developing and holding interests in petroleum and natural gas properties and assets. Its crude oil and natural gas properties and related assets are located in the provinces of Saskatchewan, Alberta and the United States. Its operating areas include Viewfield area of southeastern Saskatchewan; Shaunavon resource play, which is located in southwest Saskatchewan; Flat Lake play, which is a multi-zone resource play located in southeast Saskatchewan; Kaybob Duvernay play, which is situated in the heart of the condensate rich fairway, Central Alberta, and Montney assets in Alberta. Its wholly owned subsidiaries include Crescent Point Resources Partnership, Crescent Point Holdings Ltd. and Crescent Point U.S. Holdings Corp.


TSX:VRN - Post by User

Comment by TrendSwapperon Jun 16, 2021 9:30pm
242 Views
Post# 33400066

RE:From Eric Nuttall's Twitter: Oil Crisis Supercycle

RE:From Eric Nuttall's Twitter: Oil Crisis Supercycle It's inevitable. The depressed prices over the past few years have severely hampered the exploration and development of new assets. In addition, you're seeing major players, like Shell, exiting the oil space and turning to renewables. We are going to see a major supply shock as a result of these conditions, and $100 oil prices will be in the mirror when this starts to really play out. The EV and renewables sectors are a farcry away from being able to offset the world's growing energy needs. This supercycle will be unlike anything the world has ever seen and, companies like CPG, rich with assets, will start to go through the roof. It's not unrealistic that we could see $20 to $40 stock prices in the next 5 years as a result. Shorts will get a wake up call, and Saudia Arabia has publically stated they want to see them burn.
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