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 > EIA Crude Oil & Gasoline Stock numbers just out

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Post by smallcaptdron Dec 07, 2022 10:55am

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Post# 35156221

EIA Crude Oil & Gasoline Stock numbers just out

Oil is starting to back up as less is being needed for Gasoline. This is proof that demand is softening so we might as well settle in for $70+ Oil there's nothing bullish putting stocks under pressure to correct now that OPEC is done till 2023 and Russia just keeps flooding the market with cheaper Oil $20 cheaper so who wants to pay more and let's face it China is a right off till 2023 and next week the FED will be raising interest rates which have never been positive for Oil and Venezuela will be adding production in weeks so with Russia producing more these 2 countries have no shortage of Oil to sell. I said that we would hit $72 and overseas hit it today but with everything happening Oil could be at $70 next week if everything stays status quo. These are just my thoughts and NEVER make decisions based on my posts

EIA Gasoline Stock
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