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

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Post by smallcaptdron Sep 21, 2022 8:11pm

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Post# 34977903

A look at global interest rates

Here are a few countries to look at and you can see that raising interest rates has become a global trend in fighting Inflation. Oil is at $83 flat so this proves that $85 Oil had the Interest Rate hike calculated into it because we have had no big swings in Oil prices and Sept has been the least volatile month in Oil price movement trading on average at $85 and this makes it easier to put a price on an Oil stock. There's not much in the way right now that would drive Oil further down so I have been thinking that Oil could gain ground near term but once data is released showing an economy slowing down drastically then Oil will continue its downtrend.

China Loan Prime Rate