Bullboard - Stock Discussion Forum Veren Inc T.VRN

Alternate Symbol(s): VRN

Energy Oil & Gas E&P

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... see more

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TSX:VRN - Post Discussion

Veren Inc > What will Russian oil price cap do to overall price of oil?

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Post by Bombastic2018 on Dec 03, 2022 12:53pm

What will Russian oil price cap do to overall price of oil?

Will this significantly impact wider market prices or does Russia just sell to China and India en mass

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Comment by Moemoney42 on Dec 03, 2022 1:25pm

Nothing..! IMO.. they have already been selling crude at a lower price then that.. what's more meaningful is the loss of production from Russia thats already started and will continue for years if not decades..?

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Comment by tollycraft on Dec 04, 2022 9:01am

I dont' understand why they don't see that!! It's not like they dont see Russian oil is selling for around $53 a barrel, What the ..ll? China and India will load up at that price and find storage wherever they can, they wil improve their profit margins on all the garbage we buy from these guys and Russia will continue to generate generous cash for their war effort. ...more

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Comment by TouchDown12 on Dec 04, 2022 10:16am

Folks.... got to think political not economic here (supply and demand),,,, A sanction that isn't a sanction offers perfect political cover for the political class and purpose here... virtue signaling.... remember - the political opposite would be to state outright that "We are addicted to Russian energy and we CAN'T get off the drug... there is NO cure... except green energy in 20 ...more

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