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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

Comment by BigJoe778on Sep 21, 2022 1:31pm
288 Views
Post# 34976896

RE:Here is what's causing Oil price weakness

RE:Here is what's causing Oil price weaknessAgreed it's causing some weakness as it's kind of like false advertisement. They released 6 million barrels from the SPR to achieve at 1.5 million barrel build and this has been going on for months. What do you suppose will happen when they stop releasing from the SPR and there's no spare production to make up for the 6-7 million barrels per week they're releasing. Add to that the fact that they're gonna have to buy more to replenish the SPR and things are going to turn very bullish for Oil. Unless someone pulls a whack or new/spare production out of thier a$$ it's pretty clear what's on the horizon.........we are in an energy crisis and there shouldn't be any doubt about it. 
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