Veren Inc 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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Veren Inc > OPEC News

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Comment by highalpha1on Jul 02, 2021 4:28pm

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Post# 33485990

RE:RE:OPEC News

@Dogsbreakfast4U: I don't think there's a conspiracy going on. UAE significantly increased it's spare capacity over the years and they want to beging to pump at higher volumes. I think the biggest sticking point for the UAE is that the Saudis have made a proposal to extend the cuts in crude production to the end of 2022 when it was originally suppose to expire in April 2022. UAE wants consideration for themselves to grow production based on a different baseline than was negotiated last April.

Dogsbreakfast4U wrote: I wonder if the Chinese or the USA are behind the sudden belligerence of the UAE within the OPEC Alliance. We know that both superpowers want to derail OPEC + and get their hands on cheap oil.

Javier Blas:

"The OPEC+ meeting has ended without a deal after the UAE rejected a Saudi-Russia proposal, which was backed by every other country inside the oil group. More talks are now scheduled for Monday, July 5, starting at 3pm Vienna time | #OOTT #UAE #SaudiArabia #Russia"