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Bullboard - Stock Discussion Forum 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... see more

TSX:VRN - Post Discussion

Veren Inc > I thought there was a huge oil build?? Why we flying
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Post by Bombastic2018 on Mar 10, 2021 3:36pm

I thought there was a huge oil build?? Why we flying

No complaints
Comment by Bpultra on Mar 10, 2021 3:40pm
You have to look at the Gas draw though... also this is still all about the mess they had in texas... and the deep pockets are putting a run on the shorts right now!!!   
Comment by Marty57 on Mar 10, 2021 3:43pm
Positive sentiment... buoyant oil price...lots of people that MUST buy (shorts)... most shareholders see the positive attitude in the market and don't want to sell... plus the share buy back program exerts an inexorable upward force on share price.   The future looks bright. Good times!  GLTA L longs.
Comment by juvefooballclub on Mar 10, 2021 4:17pm
Refineries processed 12.3 million bpd last week, operating at 69 percent of capacity, amid the resumption of normal operation following the Texas Freeze that led to outages and shutdowns.   Oil prices, meanwhile, stalled on their way higher as traders began to take profits, with some betting the downward potential was beginning to exceed the upward momentum. At the time of writing ...more  
Comment by Anschutz on Mar 10, 2021 4:26pm
Boots on the ground in Texas tell me refineries are working flat out to fill supply chains and meet demand. Weather has warmed up and the cleanup and reconstruction is starting.  Lots of damage to remove and repairs/rebuilding to do. Demand for fuel is going through the roof for this time of year and repair work will be going on for months. Summer is going to be epic. Get ready much higher ...more  
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