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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 Vinnie3on Mar 20, 2021 11:59am
190 Views
Post# 32844982

Bond auctions and how it affects oil

Bond auctions and how it affects oilDoes anyone have an easy site to consult for bond, bill and note auction results, in the USA ,as soon as they become public.It becomes public 2 minutes after the auction but on which site?
I will add this tool to understand more how the markets are working right now before perhaps some sort of crash.

I am scared of a market crash so
i sold all my oil stocks (50% of my portfolio) after the rise on Friday.CPG is quality but limited upside if oil does not shoot up and friday it put CPG in the same place as it was when oil was 65 which is also weird.. Kept a bit of gold since gold stocks often go up before crashes (not during curiously,(I checked the 2008 graphs, even 1987 for oil predicting market crashes))also :

Possible scenario

The mechanism by which a fall in the price of oil could trigger a collapse in the stock market lies in the financial devices used to fund oil exploration and exploitation throughout the world and particularly in the United States. Modern oil exploration is financed through a range of methods including issuance of shares to increase capital, and raising debt through bonds and bank loans.

The press talk about a plunge in oil of 4.7% on Thursday but it was over 8% from 6 am to the low in just 10 hours 64.82 to 58.20 (8.97%). That my friends signals danger, for me.  some studies show a mysterious commodity move may correlate with precursing market corrections thats why. No mystery for me to sell but that day is a mystery and its not covid or inflation fears sorry.I am not going through another day like that again. Its like a home invasion  by computers out of control.Thanks. By the way in 2008 the energy sector was one of the most punished, but not just before the crash. I dont gamble as much anymore, whereas i used to.
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