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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 Fundipon Dec 20, 2017 10:50am
109 Views
Post# 27195578

RE:RE:Inventories

RE:RE:Inventories
torotoro wrote: That is a rare EIA being the outlyer away from the estmate, compared to API.
That is, in a word, bullish.
Initial pop in WTI, followed by sell the news.
If this fails to move the WTI shorts to trim, I see a short-term drop in WTI, as no amount of price positive stimulous has an upward impact on the price, meaning buyers are exhausted.
However, that is inverse to the macro trend of oil continueing to show sharp supply draws, while oil rigs remain in a reduction cycle due to the low WTI price of Q3 to Q2.
As for CPG, it is largely in a world of its own, too distracted by tax selling to pay much attention to macro trends in the price of oil.


Please shut the f**k up and stop making your stupid short-term predictions. Nobody has a crystal ball. Go take your meds now.
Bullboard Posts