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 > All related to Biden’s approval rating

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Comment by Anschutzon Mar 30, 2022 11:46pm

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Post# 34561719

RE:All related to Biden’s approval rating

Absolutely agree. It also takes the pressure off OPEC to do anything. Why would OPEC increase production only to push the price lower by amplifying the effect of US market manipulation? If I was OPEC I'd simply sit back, carry on and let Biden deplete his reserves. Once depleted Biden and the entire green narrative will be completely F'd.

arizonabound wrote:

36% today was the lowest it's been yet.

Ultimately I like this news long term. It prevents the immediate demand destruction and might help prevent a recession while stabilizing oil prices at least for a while. I prefer a slow rise to the current volatility. This gives every oil company a reason not to expand production. It will prolong this oil bull run. The longer Biden and Trudeau put climate policy ahead of increasing supply in North America, the more the remaining Canadian energy companies will profit and so will shareholders.

JMHO
AB