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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 Chad123on Jan 13, 2022 3:14pm
150 Views
Post# 34314104

RE:RE:Finally, Feds do something right....Very Rare!

RE:RE:Finally, Feds do something right....Very Rare!Time for another election.
I just sent an note to John Wick telling him it was Turdeau who killed his dog!

Anschutz wrote: Threats, coercion and violation of law is all this government knows.  Having personally sat through meetings on decisions such as this, I can say that it's all about finding ways to coerce people to get vaccinated and testing public opinion.  The topic of public health and safety never enters into the closed door conversation as it's not really about vaccines or a virus.

Chad123 wrote:

Feds make last-minute reversal on vaccine mandate for truckers


MONTREAL -- The federal government is backing down from its vaccine mandate for Canadian truckers three days before it was set to take effect.

Ottawa announced in mid-November that truck drivers crossing into Canada would need to be fully vaccinated by this Saturday.

But on Wednesday evening Canada Border Services Agency spokeswoman Rebecca Purdy told The Canadian Press that Canadian big-riggers will not have to quarantine if they are unvaccinated or have received only one dose.

The news came as a surprise to Canadian Trucking Alliance president Stephen Laskowski, who says industry representatives met with government officials as recently as midday Wednesday and were told the mandate was still on track for Jan. 15.

Trade associations on both sides of the border had been pushing for a delay to the restriction, which they say would put additional strain on supply chains amid the latest COVID-19 surge and severe worker shortages.

 

The new rule will still take effect for American truckers, who will be turned away at the border unless they've been inoculated starting this weekend.

About 10 per cent of the 120,000 Canadian truckers who traverse the border may not have been able to work those routes because they haven't been jabbed, according to the trucking alliance.

The Canada Border Services Agency declined to say whether the truck drivers' exemption is temporary or indefinite, or what prompted the change.

The vaccine mandate had already started to impact trucking operations.

"There are many of our members who have already said they will not be dispatching unvaccinated drivers across the border," Laskowski said.

Transport companies never opposed the vaccine mandate; "it's the timing of it," he said, citing supply-chain pressure points ranging from clogged ports to sick workers and inflation.

However, the new rule may have encouraged reluctant workers to roll up their sleeves. One Montreal-based logistics company offered a $10,000 bonus last month to all drivers who received their first vaccine dose by mid-January in the hopes of retaining employees and boosting inoculation rates.

Another, Ontario-based Titanium Transportation Group, which boasts a fleet of 800 tractors, says 95 per cent of its drivers are fully vaccinated.

"More than likely there's no good time, right? They've had this exemption for quite a long time. So maybe this is the right time," CEO Ted Daniel said.

Nonetheless, myriad trade groups called on Ottawa to postpone the Saturday deadline.

Recent flooding in British Columbia and China's "zero-COVID policy" have added to supply-chain bottlenecks, said the Canadian Manufacturing Coalition in a letter signed by 18 industry association heads, who were asking for a delay. The Petroleum Services Association of Canada said the vaccine mandate will "only aggravate things further."
 

Food and agricultural products could also have felt the squeeze.

Nearly two-thirds of the roughly $21 billion in agri-food imports that Canada receives from the United States each year arrives by truck, according to Sylvain Charlebois, a Dalhousie University professor of food distribution and policy. The reliance on U.S. products is especially high in winter.

https://www.bnnbloomberg.ca/feds-make-last-minute-reversal-on-vaccine-mandate-for-truckers-1.1706650

https://www.bnnbloomberg.ca/feds-make-last-minute-reversal-on-vaccine-mandate-for-truckers-1.1706650


 





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