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 Montney, Shaunavon and Viewfield Bakken. Its Kaybob Duvernay is situated in the heart of the condensate rich fairway, Central Alberta, which provides low risk drilling inventory. Its Alberta Montney assets sit adjacent to its Kaybob Duvernay lands, possessing similar resource characteristics including pay thickness and permeability in the volatile oil fairway of the reservoir. Its Shaunavon resource play is located in southwest Saskatchewan. The Viewfield Bakken light oil pool is located in Saskatchewan.

TSX:VRN - Post by User

Veren Inc

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Post by smallcaptdron Jan 21, 2023 10:42am

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Post# 35237269

This is promising for China's Oil consumption

This out today has experts saying that COVID worst could have peaked with 80% of people already being infected lower the chances of a second wave if this is the case reopening could see demand start to increase sooner and faster as the labor force return to work and transportation increases. I always like reading news that's generated where the interest is for a real look into facts in their words and not reworded by US firms. Straight from the Bangkok mouth. $85 Oil looks very possible with Oil stocks likely to gain 3-5% this week and if the cash that's been sitting on the sidelines waiting for Oil to rally starts funneling its way back into stocks as the rally continues could see a solid spike in SP.

Expert rules out Covid rebound in China (bangkokpost.com)

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