Veren Inc T.CPG

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

Energy Oil & Gas E&P

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.

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Post by smallcaptdron Jan 22, 2023 10:57am

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Post# 35238423

China's transportation increases bullish for Oil demand

With China's Lunar New Year total travels are at a record high with the reopening after a 3-year lockdown. The 40-day period in China has the Chinese Transport Ministry expecting more than 2 billion passenger trips double the number last year will definitely increase Oil demand to fresh highs that haven't been seen over the last few years and as these improved numbers start to come in it should keep the fire fanned under Oil. If there ever was a time to reopen the borders it was Lunar New Year when record travel is projected to increase sales but the biggest change will be on Oil and Gasoline demand plus the scientists come out saying yesterday that there won't be a 2nd or 3rd COVID wave has been a blessing for growth coming sooner because prior beliefs were that the additional COVID waves would hinder growth but this is no longer the case and along with any stimulus that China throws at China should keep it on the move. Lunar New Year is the defibrillator that should wake the giant.

Millions are travelling across China for lunar new year | The Economist