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Veren Inc T.VRN

Alternate Symbol(s):  VRN

Energy Oil & Gas E&P
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

Veren Inc
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Comment by Takeactionnowon Apr 28, 2020 11:09am
109 Views
Post# 30961850

RE:RE:Bloomberg: 9 Oil Companies LEASED 23M Bbls. STORAGE In SPR

RE:RE:Bloomberg: 9 Oil Companies LEASED 23M Bbls. STORAGE In SPR Yes, CDN, government leasing of storage space in a storage-constrained market is subsidization.  Were there NO storage space, WTI oil would be negative.

CDNdollars4me wrote: Free market....oh free market...what about free market...
So how is this not government subsidy.........<
US. Mulls energy investment....Reuters....
Considering taking equity stakes in US energy companies...as it seeks to help the nations oil and gas sector amid the corona virus out break.......WHERE DOES THIS LEAVE CDN OIL AND WHERE IS JT....

Lease = subsidies...imo

Eigen337 wrote: 1.1 million barrels already FILLED IN !!!

Trump want to BUY the crude oil BUT Congress REFUSED to provide the money so he was forced to LEASE OUT the space !!!

~ 54 million barrels are SUPOSEDLY still available for STORAGE IN THE SPR !!!?????!!!

The 9 crude oil companies were UNNAMED but they WON a tender process !!!

This is my opinion only.

Eigen337
 




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