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Veren Inc T.VRN

Alternate Symbol(s):  VRN

Veren Inc. is a Canada-based oil producer with assets in central Alberta and southeast and southwest Saskatchewan. The principal activities of the Company are acquiring, developing and holding interests in petroleum and natural gas properties and assets related thereto through a general partnership and wholly owned subsidiaries. Its core operational areas include Kaybob Duvernay and Alberta Montney, Shaunavon and Viewfield Bakken. Its Kaybob Duvernay is situated in the heart of the condensate rich fairway, Central Alberta, which provides low risk drilling inventory. Its Alberta Montney assets sit adjacent to its Kaybob Duvernay lands, possessing similar resource characteristics including pay thickness and permeability in the volatile oil fairway of the reservoir. Its Shaunavon resource play is located in southwest Saskatchewan. The Viewfield Bakken light oil pool is located in Saskatchewan.


TSX:VRN - Post by User

Comment by spacegimpon Sep 14, 2022 5:14am
222 Views
Post# 34961076

RE:Oil Supply Demand thoughts

RE:Oil Supply Demand thoughtsJust depends how the consumer holds up in this interest rate environment 
Implied gasoline demand in USA is down 1.4% y/y
Just one piece of the puzzle though as I noticed gasoline demand is up over 10%y/y in Southeast Asia 
but then Europe and china are down ...
super confusing times !

Sept 12

"FUEL DEMAND
According to GasBuddy demand data driven by its Pay with GasBuddy card, U.S. retail gasoline demand fell notably last week (Sun-Sat), declining 5.3%. Broken down by PADD region, demand fell 7.3% in PADD 1, fell 4.3% in PADD 2, fell 4.3% in PADD 3, fell 3.9% in PADD 4 and fell 5.1% in PADD 5.
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