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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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Post by smallcaptdron Oct 04, 2022 6:51pm
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Post# 35005456

UK cant afford $90+ Oil

UK cant afford $90+ OilPushing Oil higher so that Oil producers can afford another Bugatti is going to cripple the economy even worse than what's coming without higher Oil and usually, the one factor that's behind every market crash is greed. They have been saying that the Oil market is tight so taking out 2Mil bpd is going to be suicide for the economy. The economy needs lower Oil, gasoline, and diesel not the other way around, and as I've said many times it's the Oil traders who decide the price because there's no slide ruler giving us the exact formula for production vs price so Oil could get tighter but Oil traders can still keep the price under $90. Oil couldn't stay at $110 when Oil production was extremely tight and the economy was bullish so why would it stay at $100 in a global recession? We are only at the doorstep of a global recession so it'll be interesting to watch this play out over the month.


Europe’s Diesel Crisis Is Far From Over | OilPrice.com

High Energy Prices Push UK Construction Industry To The Brink | OilPrice.com
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