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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 > So much for tight Oil markets
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Post by smallcaptdron Sep 28, 2022 6:32pm
197 Views
Post# 34993502

So much for tight Oil markets

So much for tight Oil marketsFirst of all, they need to quit saying that the market is tight because it's not if they want to cut production so are they sucking or blowing and there's been a few news articles in the past saying that certain countries have the room to increase production and here's the latest news from the Gulf and other news articles. I'll be surprised if Oil hits $85 tomorrow if it continues to rally higher. IMHO I don't think that Oil needs to rally until Russia cuts over 1Mil bpd out of the system but for now, Oil in the $70+ is high for the times that we're heading for and once the recession digs its heels in the lower $70 Oil will be overpriced. On the bright side, there was money being made today.


U.S. Gulf Of Mexico Can Help Fill Global Oil Supply Gap | OilPrice.com

China Claims First Offshore Shale Oil And Gas Discovery | OilPrice.com

Iran Is Ready To Release Millions Of Barrels Of Oil Into The Market | OilPrice.com

Biden To U.S. Oil Industry: Don't Use Hurricane As Excuse For Price Gouging | OilPrice.com

Dallas Fed Survey Sees Activity Increasing At Solid Pace In U.S. Oil And Gas | OilPrice.com
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