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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

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Post by smallcaptdron Nov 23, 2022 1:58pm
161 Views
Post# 35122728

Overseas started the $4 sell off

Overseas started the $4 sell offThis is interesting at 3:45am overseas dumped Oil on concerns of just about everything so the US has actually been adding stability after hitting $76 so will overseas boost Oil higher after such a sell-off backed by the facts of everything going on and not sold because of a rumor or part of their normal morning sell-off at 9am when they exit so keeping Oil lower in the $70+ is what everyone is betting against and that Oil will return to $85+. We'll know tomorrow and if Oil is in the $70+ or even the lower $80 then SP needs to reflect it. I can't believe what's happening to be betting on Oil being at $90 even though Oil has been under $85 more often than none 3 months through Sept till the present. There's no bullishness pushing Oil to $80 today. If Oil starts to come in under $80 as we head towards capping Russia Oil at $65 and FED Rate hike in Dec could be just the start so I've done everything possible trying to highlight concerns of investors paying premiums on shares as we head towards a lower trend. If Oil does do exactly that then the SP will implode because you can't ignore that company's Oil revenues will be the lowest since Jan if Oil stays under $80 and SP were 1/2 what they are today, that's 1/2. I can't stress enough that by recent developments being under $80 could be just the start of heading toward $70 or you can buy Russians Oil for $65 but you better get the money now before borrowing goes higher by Central Banks. Things are not going to get better, the economy has Meisels and every red spot is another reason for lower Oil. I hope that Oil rallies one day but you have to deal with whats happening now and from Junes high we are hitting new lows, Ya things are Great! and it will only worsen. Maybe Oil will look at our SP and hit $85 to justify the current prices.
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