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.

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Veren Inc > Austerity measures about to hit Norway

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Comment by Bpultraon Feb 18, 2021 2:06pm

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Post# 32597571

RE:Austerity measures about to hit Norway

Yes you are correct... you only have to look at the history of Germany as they tried the green energy ... just google some history.... they are firing up thier coal plants.. after closing nuc's so coal is now better? Now they need Russia NG.. as well ... this stuff happening in Texas may wake up some CDN's to the fact we can't all hug trees ..https://www.youtube.com/watch?v=zqM9OIPzMHs
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Anschutz wrote: Oh oh... looks Norway's central banker is starting to get worried about the dwindling size of the country's soverign wealth fund. I think the most important line in the article linked below is this one...

Oystein Olsen told the Financial Times that the $1.3tn oil fund was unlikely to increase much further in size as Norway’s petroleum revenues dwindle and that the government would need to reduce the amount it takes from the national piggy bank after using a record amount in 2020, which covered a quarter of the government budget.

https://www.ft.com/content/107d9303-2787-4407-9c17-66fd9e8ffbea

Further evidence banksters are starting to realize the supply side of the equation is going to tighten significantly in the near future. No worries though as I'm sure Norway has lots of jobs manufacturing solar panels and wind mills. 10 years from now people are going to look back at Norway and similar countries and shake their heads at the mistakes they made.