Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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

<< Previous
Bullboard Posts
Next >>
Post by smallcaptdron Dec 01, 2022 11:41am
154 Views
Post# 35143220

Economy + China COVID + No OPEC cuts = Oil selling

Economy + China COVID + No OPEC cuts = Oil sellingWhat if $83 is tops for Oil right now because there's a lot of negative sentiment keeping Oil from rallying too high and with OPEC looking like there won't be additional cuts till next year taking away any chance of Oil hitting $90 plus realistically I can't see China being cured anytime soon at least till next year and with the FED on the 14th making additional rate hikes all but guarantees that any positive data will be used to determine how much to add in order to push Inflation down and this is when positive data works against itself. One thing that could happen Monday is that when it's confirmed that there are no additional cuts from OPEC we could see an Oil sell-off and right now Oil couldn't stay above $83, Since Aug analysts have stopped giving Oil price guidance because they say that it's too hard to predict so only a handful now might give an outlook and I'm thinking because I nail Oil prices forecasts time after time even months ahead and post reasons for further Oil movement which come to past time after time and even yesterday I predicted that Oil would hit $83 today and we hit it as the high and I've said that Oil could hit $85 tomorrow but things are pretty negative and any gains will be lost come Monday so I'm saying now that $85 might be in question only because of today's changes. Oil seems to be selling off right now down from $83 and the floodgate could open anytime having the selling gain momentum pushing Oil under $82. Just watch the volatility.
<< Previous
Bullboard Posts
Next >>

USER FEEDBACK SURVEY ×

Be the voice that helps shape the content on site!

At Stockhouse, we’re committed to delivering content that matters to you. Your insights are key in shaping our strategy. Take a few minutes to share your feedback and help influence what you see on our site!

The Market Online in partnership with Stockhouse