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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 dalerules88on Dec 08, 2017 8:44pm
112 Views
Post# 27122039

RE:WTI - TA

RE:WTI - TA

Brent has been stuck in a range for a month. Roughly a buck off the range high and two bucks off the range low. If it has another solid day like today, it just might break out to a new recent high. With Brent/WTI spread at six bucks, if Brent breaks, WTI might follow, despite the apparent short-term downtrend on WTI. This is not TA, I realize, but one can't deny the relationship so one might want to consider both Brent and WTI.  Hard to say which benchmark is pulling/pushing which, but Brent being global, I'd think Brent has more pull than WTI. Plus, with all the exports, WTI is now likely to be tied to Brent much more than in the past, when US could not export their oil. Hopefuly we get a cold spell and the heating oil demand might give WTI a nudge to reverse the short term trend. 

I much appreciate the TA that torotoro puts forth now regularly, thank you. My naive opinion is that TA is the best predictor of human behavior. Unlike say metals, though, which run on sentiment and largely predictable fundamentals, making TA invaluable there, TA can't account for unpredictable weather patterns, and with so much US oil consumption still going to heating oil, this would be one variable that may be underestimated.

JMHO

 

Bullboard Posts