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 > $300.00 Oil vs Demand Destruction

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Comment by cahclickon Mar 11, 2022 9:49am

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Post# 34506176

RE:RE:$300.00 Oil vs Demand Destruction

Agreed and speaking of fairy dust, even if the good fairy dropped a Tesla in every one of our driveways overnight, how are we going to charge them ?
The electrical grid would be down and out as soon as we all plugged our shiny new Teslas in.
I'm no expert in electrical supply but the upgrade required to both the grid and electricity production must be one big fat number that will take one pile of fairy dust to remedy.

jmo

glta

arizonabound wrote:

Maybe check out the prices of copper, zinc and nickel before saying consumers will go to alternatives. EVs aren't built from fairy dust and electricity is now produced mainly by natural gas. It's folly to think alternatives will be cheaper or significantly less damaging to the environment or to world stability. The fact is that Russia and China will be major producers of lithium. We also can't simply transition overnight. Biden saying simply "buy an EV" shows how idiotic his administration is.

JMHO
AB