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 > BOC cuts rates 25 basis points

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Comment by Moemoney42on Jun 05, 2024 10:46pm

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Post# 36074426

RE:RE:BOC cuts rates 25 basis points

I agree, but I think the Fed wants to put the rate cuts on the table before the election as far ahead as possible so they don't get painted with an "affecting the election" brush as would happen.. July sounds about right for their move IMO

Anschutz wrote: I think Biden holds for at least another month maybe more. BoC devaluing the dollar works to US advantage. US gets more oil for less. Takes 5 to 6 months to see the effects. One of their tactics to help reduce the price of oil at the pumps heading into the November election. BoC, Trudeau & the global cabal want Biden in office for another term.

Moemoney42 wrote: As I thought we've crossed that pivot point.. will be interesting to see if the US does the same.. I'm thinking they might do a 25 basis points as well.. that's my call FWIW..