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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 > Oil opens flat overseas @ $79
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Post by smallcaptdron Nov 20, 2022 6:24pm
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Post# 35114224

Oil opens flat overseas @ $79

Oil opens flat overseas @ $79Oil never gapped up so If this is the way Oil will be trading for the next 3 days in the US then Oil stocks are going to have to correct because share prices have stayed higher than normal because of the false confidence given to investors thinking that there was support from OPEC cuts in keeping Oil in the $85+ range well we were dealt a hand of reality watching Oil hit $77 indicating that OPEC cuts have become ineffective due to the headwinds of weakening demand. Overseas had a chance to open Oil higher if they feared that the sell-off was too deep, but they didn't and it was Overseas who sold Oil off before the closing of their markets Friday morning so judging by this 2-minute window watching Overseas open I feel that we could be testing $75 this week but we all know that tomorrows Oil price will be anywhere other than where it's at now and it's at $79

Crude oil - 2022 Data - 1983-2021 Historical - 2023 Forecast - Price - Quote - Chart (tradingeconomics.com)
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