Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Veren Inc T.VRN

Alternate Symbol(s):  VRN

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

Bullboard Posts
Comment by tvstockon Sep 01, 2015 8:13pm
151 Views
Post# 24070228

RE:The guess-estimate that proceeds tomorrows guess-estimate

RE:The guess-estimate that proceeds tomorrows guess-estimateLargely comes from imports surge IMO.  Domesitc production should fall, and could give surprise upside.  The fact that Syncrude remains closed (a significant 300,000+  bbld capacity Vs GOBAL glut of 1-2M)   and former Nexen Long lake halt is probably curbing the downside.  Actually I speuclate that due to high operating cost Syncrude will probably be shut down longer than usual to minimize cash drain.


And as a mattter of fact, all refiners will be stockpiling oil like crazy at sub 40 oil price last week. Inventory build expected and we should watch the produciton numbers. Look at BTE, PWT etc all showing declining productions.  Production decline is  worldwide, not only in North America.

Of course the futures markets will still be obsessing on inventories, but the Syncrude outage(??) is very significant.  Some high cost producers are beginnning to to stop expensive productions for whatever reasons..

Personally I have started divesting money to US producers   , with the threat of NDP win in Ottawa.
Bullboard Posts