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 > $14 at Friday's close

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Comment by Anschutzon Jun 08, 2022 11:40am

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Post# 34740413

RE:$14 at Friday's close

My call last Tuesday was correct.

https://stockhouse.com/companies/bullboard?symbol=t.cpg&postid=34727923

I think we break above $14 by Friday as reality of SPR depletion sets in. Biden has drained 20% of the SPR in a single year. I expect the demonrats to pull out the stops to tamp down the price of oil in advance of the mid-terms.

At the rate Biden is drawing he risks pemanently damaging the SPR resevoir. You can bet China is watching the depletion. Once it gets low enough I expect we see China move on Taiwan. Then watch prices skyrocket into the stratosphere.