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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 Paray99on Dec 04, 2022 5:59pm
329 Views
Post# 35149788

OPEC to cut the same 2M and Russia refuses the $60 cap

OPEC to cut the same 2M and Russia refuses the $60 cap

Oil will rally above $100 for sure, though it is not an overnight game. We should remember that all the western governments, and of course all the consuming countries are on the other side of this game. They need to try everything possible to pull down the price. Now that OPEC decided today to maintain their production cut and Russia already said no to Europe's $60 cap on their oil, things are very bullish going forward. There may be lot of conspiracy theories and analyst BS to pull down the price, but we need persistence. Don't get challenged if you see big price drop for a day or two. Eventually, oil will naturally climb and go above $100.just wait and see.

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