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 > US Panic to stop OPEC cut

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Comment by Anschutzon Oct 05, 2022 6:43pm

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Post# 35008016

RE:US Panic to stop OPEC cut

The potential flaw in your thesis is accepting the belief that OPEC is voluntarily cutting production. It's well known that OPEC has not been able to meet their stated quotas for some time. Perhaps OPEC production is truly in decline and the market will soon come to realize that the haydays of middle east oil are in the past.

smallcaptdr wrote: Looking at the swings in Oil prices so far today looks like an EKG from hell and remember that the ONLY reason OPEC is cutting Oil production is to take out the volatility in Oil prices, what a line of BS. Oil will still have price swings every time some eroding economic data is released or production interruption happens for one reason or another will cause Oil to rise or fall exponentially because taking 2Mil bpd out leaves Oil balancing on a razor blade and the US has been against OPEC cuts from the start made for greed only and nothing else. Oil has been rising for 3 days now and is at $87 up $11 from Sept low of $76 the question is at what price will Oil go to reflect Nov cut? The next FED Rate Decision is Nov 2nd and Dec 14th and when Oil helps to keep Inflation high then the FED will keep raising Rates and around and around we go till the music stops, What OPEC has done will ripple through the global economy the wrong way. I'm wondering how higher Oil will affect G7 cap on Russian Oil and will this cap hurt Oil prices or will Russia turn down the tap? OPEC really screwed things up, but as Oil stock traders it makes us money up until the tree stops growing. Whoever it is who cuts out the most production would hope that Oil goes high enough to increase revenues on less production.

Saudi Arabia, Russia To Cut 1.05 Million Bpd In November | OilPrice.com

The White House Is In A Panic To Stop The OPEC+ Production Cut | OilPrice.com

WTO: Energy Crisis Will Cause A Slowdown In Global Trade Growth | OilPrice.com