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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

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Post by Dogsbreakfast4Uon Dec 17, 2020 4:56pm
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Post# 32130990

US Dollar Index Falling

US Dollar Index FallingThe recent rise in oil prices is in large part the result of a weakening US dollar. The dollar index could very well break its support at around 88.82. If so, it could end up falling to its next support reached at the end of 2014 at around 80. That would be ultra bullish for commodities and oil. I still recall how my oil stocks traded back then! 

US Dollar Index Streaming Chart - Investing.com Canada
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