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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

Comment by juvefooballclubon Jan 07, 2021 6:39pm
112 Views
Post# 32250491

RE: Tsvetana Paraskova - Jan 06

RE: Tsvetana Paraskova - Jan 06Money managers started 2021 with optimism that oil prices will benefit from a rise in economic activity as vaccines are being rolled out.  Hedge funds and other portfolio managers held at the end of December 2020 the most bullish overall position in the most traded oil futures and options contracts since the beginning of 2020. Fund managers held an overall net long position—the difference between bullish and bearish bets—of as much as 741 million barrels equivalent of oil in the six most important petroleum contracts as of December 29, according to data from exchanges compiled by Reuters columnist John Kemp.
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