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.

TSX:VRN - Post by User

Veren Inc > Always the leader of the pack down...

<< Previous

Bullboard Posts

Next >>

Comment by Moemoney42on Apr 25, 2022 10:50am

185 Views

Post# 34628853

RE:RE:RE:Always the leader of the pack down...

Lots of dynamics at play.. profit takers, swing traders, margin calls, then you have the shorters pile on as they can see the weakness and they add to the swing.. these companies have based their projections of much lower crude prices to be profitable..
Then you have to consider Russian crude outflows slowing.. storage levels at 5 year lows and going lower.. lack of investment.. driving season right around the corner.. the need to replenish the SPR.. economies opening up..
IMHO the share prices still haven't reflected $90 crude let alone $95+ WTI

mbuch wrote: Yeah, numbers should be killer, but I thought that last quarter and they were, and oil kept going up, but CPG just hung around... An increase in the divy might help their cause.

China will never just remove their lockdowns unfortunately. Not sure what's going on there though. Maybe they know something the rest of the world doesn't???

Crazy times for sure.

Moemoney42 wrote: Agreed, far too much headline trading, as I've mentioned in the past.. that's all I'm hearing from BNN this morning about "headline trading today".. all its going to take is China say they're removing lockdowns and you'll see a snap back quickly.. there again it will be another "headline" trade.. not at all based on fundamentals.. IMHO.. Q1-22 oil numbers should be great for most companies.. and that string of reports will start this week.. holding tight for now.. ;-)

mbuch wrote: Looks like another pan sell off in the markets today.

Seems like it isn't going to end until China opens up again.