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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 TheBridgeon Apr 05, 2021 12:43pm
102 Views
Post# 32937543

RE:RE:RE:RE:RE:CPG Will Hit $5 Before We See $6

RE:RE:RE:RE:RE:CPG Will Hit $5 Before We See $6Tommy, rethink your last sentence that the market is pricing in that we won't need much oil soon. By soon do you mean 10-15 or 20 years? Do you think the market, at this time, is pricing in Biden's tillions to support green industries as being able to significantly replace petroleum in the next decade? How long do you think it will take to build adequate infrastructure to get to the point that 25% of the vehicles on the road can be electric? I'll give you a hint to the answer to the last question. 25% of any neighbourhood today could not support electric cars charging at their homes, it will take several years before enough electrical infrastructure can be built to support such an increase in electriical consumption. The electrical systems in those neighbourhoods will have to be upgraded to handle that kind of load increase. Have the markets today already started pricing that in? Far to early.
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