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 > Where SP were, are, and going to be,

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Post by smallcaptdron Nov 26, 2022 12:24pm

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Post# 35130655

Where SP were, are, and going to be,

I feel that I need to explain this, SP reflects revenues first and far most so when you have a commodity selling off and SP remains higher than normal eventually will correct, and investors need to realize that $100 Oil is gone and $90 has been phasing out leaving $85 as being high except for a couple of runs up to $93 were it could never stay in the $90. So if Oil will be trading in the $70+ to lower $80 then SP needs to adjust from being overinflated on hopes of $90-$100 Oil happening. Look at the history of Oil prices in years leading up to 2022 when Oil exploded because of the war and right now with everything going on its time to remove the risk factor that Russia will shut off Oil because of G7 and the ailing world cutting into Oil demand and $65 could be hit 2023. SP are overinflated today.

U.S. Crude Oil First Purchase Price (Dollars per Barrel) (eia.gov)

BTE 5yr