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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

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Post by Anschutzon Jun 27, 2022 1:05pm
445 Views
Post# 34785043

EIA still not releasing reports

EIA still not releasing reportsChecked the EIA gov website this morning.  Update states they're still not able to release the June 20th report and that it will be further delayed.  Appears Biden admin is doing everything they can to keep a lid on the price of oil and distillates for the July 4 weekend. 

Doing everything they can to hold off revealing that the SPR has dropped below 500 million barrels for the first time since the 70s shortly after it was constructed.  With +30% of the SPR now depleted, pretty certain there are engineers somewhere growing concerned about the integrity of the exposed walls.  How much lower can they deplete the resercve before the exposed salt walls begin to collapse on themselves?
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