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

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Post by smallcaptdron Nov 30, 2022 11:51am

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Post# 35139957

If a draw of -12Mil barrels does nothing for Oil...

Oil would be in the $70+ if it wasn't for the draw on US Crude Oil and Gasoline stock still in surplus assures that Oil demand for Gasoline will be largely reduced. Investors need to settle in for Oil being lower and by the time we pass by the FED rate hike on Dec 14th Oil will be trading lower going by everything on the table today.

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