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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

Post by Vinnie3on Jan 05, 2021 11:23pm
443 Views
Post# 32230472

This just out

This just outSaudi Arabia may face empty wells soon VP press 11:16 est

Workers at saudi wells kept hitting rocks when scooping up oil this January 6, 2021. Scientists are speculating that the ocean of oil that had been believed to be there was in fact a mirage of sorts, called ikopagteria, a rare perceptual mirage type phenomenon. There is simply, bluntly put,practically no oil left.

World leaders are still keeping secret the possibility of an oil crash, panic and price disarray.  While the markets are seemingly reflecting on the real possibility of a 12 million barrel per day shortage, and more, since pipelines in the kingdom cannot be diverted for increased trafic elsewhere.Already saudi authorities are digging feverishly in the sands all around Rhyad, dry as a rock. Saudi billionaires may have to sell off their properties and this could mean sudden price decreases in London and New York real estate. 

Others learning of this news, though speculative at this point, are possibly suffering through this crisis with emotions worse worse than Covid and world war 1 combined money wise. No one can imagine the suffering of those who held shares in saudi companies. Canadian companies like CPG are seeing the effects of this rumour that just seems to invite confirmation, as tension rises.

The government of Canads has not yet returned our phone calls.

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