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.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Veren Inc 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 packerdriveron May 25, 2024 11:24am
93 Views
Post# 36057272

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:nat gas news....

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:nat gas news....OMG ! You want Trudeau to build you another pipeline??? That ain't going to happen! How many pipelines did Harper build in his 9 years??? Heck, how many pipelines were built by anybody under Harper's watch??? ZERO!

Multinational oil companies (and a national like Irving) buy crude oil from wherever for their refineries given quality/grade, availability and price considerations. (Trudeau does not buy a single barrel of oil)

In 2022 Canada imported 82,000 barrels a day from Saudi Arabia and 41,000 barrels a day from West Africa. Alberta produces almost 4 MILLLION barrels a day!!! Waterborne imports of crude on the east coast are nothing more than a rounding error given the total numbers. Canada also imports 342,000 barrels a day from the US but there is no way of knowing how many of those are Canadian barrels that were simply routed through the US midwest pipeline system and dellivered back to Canada and its refineries.

Canada oil imports 2022.... 1 metric ton = 7.46 barrels of oil
https://www.statista.com/statistics/566837/crude-oil-imports-to-canada-by-region-of-origin/


As much as you might wish it, Alberta bitumen, shipped 4-5 thousand miles over/under ground will NEVER fetch the same price as Saudi Arabia light sweet crude sitting in the harbour in a tanker (by far the cheapest way to move crude oil). Quality/grade and shipping costs dictate the price in the free market.

A barrel of Saudi light sweet crude costs 6 dollars a barrel to produce. A barrel of oil sands crude costs 28 to 38 dollars a barrel to produce according to Suncor. CNQ does better at 22 dollars a barrel.
https://www.reuters.com/business/energy/canadas-suncor-looks-cut-high-oil-sands-mine-operating-costs-2024-02-22/

I post links to what I say....all you do is repeat tired, old Alberta "urban legends" that are easily debunked.

<< Previous
Bullboard Posts
Next >>