Veren Inc T.VRN

Alternate Symbol(s): VRN

Energy Oil & Gas E&P

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

Veren Inc > Ask 10 people why is oil price going up?

<< Previous

Bullboard Posts

Next >>

Comment by CdnOilObserveron Feb 13, 2021 1:19pm

123 Views

Post# 32562071

RE:Ask 10 people why is oil price going up?

It is way to early for an oil super-cycle, Might be some short term hedge speculation and trading.

For long term super cycle to much is needed - supply must drop below demand:
- signficant reductions in new investments by the majors
- signficant slow down in US shale
- OPEC+ must continue to work together
- developing nations with oil need to slow down, ie Surinam

- Covid needs to abate to allow more air travel and retail auto use

<< Previous

Bullboard Posts

Next >>

Canadian government to fund Electric Royalties portfolio property