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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 Jan 20, 2023 2:20pm
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Post# 35236139

Oil prices increase with positive economic outlook in China

Oil prices increase with positive economic outlook in ChinaWord of the day is "outlook" and that's what's driving the bulls I'm watching Oil price climb on literally lighter volume which is normal on a Friday at this time of day I was sure that they would hit $82 sticking their flag up high now next week there has to be data coming out either pro or con for Oil prices because Oil is up from $74 on China reopening to $82 but it's based on "outlook" and I'm not saying that Oil won't rally higher I'm just pointing out what lies beneath so trade with caution and come to realize that this rally which started Jan 8th at $74 is slowing until outlook is replaced with facts. Buy on rumor sell on facts. Oil has definitely been bullish already beating estimates and with gasoline rising the FED which has said that Feb rate hike will be .25% might start being questioned if prices increase I think that they should hammer on the brakes with a .75% than ease off just rip the bandage off get it over with because this recession with the FED easing off and saying that interest rates will stay higher longer could have a recession last into 2025 before the economy does a 180. GLTA




Oil prices increase with positive economic outlook in China (aa.com.tr)
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