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.

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Veren Inc > Congress to Limit U.S. Oil Exports to China:

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Post by smallcaptdron Mar 02, 2023 8:13pm

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Post# 35316478

Congress to Limit U.S. Oil Exports to China:

This will certainly help with the US being flush with Oil if it can't be sold to the 2nd biggest Oil guzzler. Does anyone get the feeling that the US wants $70+ Oil only? but they're saying that they'll make up for the lost sales (by selling to other countries in a recession), what is the US doing? whatever happened to NOPEC Bill? and other idiotic moves that Biden has created? and the added bonus from the US is having record Shale Oil production and SPR dumping in a market where it could stay mostly in the US keeping it saturated unless the US recession sees a surge in buying, Surplus could be a way of life in the US. Been looking at the Oil chart and if Oil isn't over $79 it could start rolling over so pay attention. What a mess I guess that Biden and the FED are writing a book on keeping Oil lower and it shows with the US not once running Oil up over $2 or even $1.50 when China's bullish numbers came out or when EIA Oil Stock draw dropped from 16Mil barrels to 7.5Mil to yesterdays 1.1Mil surplus showing a steady decline but nothing bullish with Oil so we wait. Wouldnt that be just great if China's sudden surge in manufacturing tappers off or declines next reading and right now with the way March is heading and April being dumped on by SPR Oil tightness could drag out another 2 months, I thought Russia would have come out saying if the 625K bpd cut were approved by transneft and agreed by the Oil companies so right now Russia is still flowing as always I presume. See what mood the US traders are tomorrow

In addition, traders should be aware that any potential bans on oil sales to China would only impact direct U.S.-to-China sales. U.S. crude oil and petroleum products could still reach China through furtive ship-to-ship transfers through third-party trading companies. If China really wants U.S. petroleum, it will find a way to get it (only after filling up with cheap Russian, and Iranian Oil) "I just added in the brackets"

Congress to Limit U.S. Oil Exports to China: What Traders Need to Know | Investing.com

U.S. shale oil and natgas output set to rise to record highs in March -EIA | Reuters

Crude oil - 2023 Data - 1983-2022 Historical - 2024 Forecast - Price - Quote - Chart (tradingeconomics.com)

Exclusive: Russia plans deep March oil export cuts, sources say | Reuters

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