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.

TSX:VRN - Post by User

Veren Inc

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Post by smallcaptdron Jan 10, 2023 11:16am

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Post# 35213405

Goldman Sachs: Oil Prices To Hit $105 On Solid Demand Growth

Right now China is adding some support to Oil prices but then you have Russia selling Oil for $34 which is ridiculous Russia is trying to buy as many friends on the playground as possible and selling them Oil between $34 - $55 is working so it's hard to understand why Russia would do anything as far as cutting production in order to raise Oil prices because if they were worried about the revenue they would be selling their Oil at $60 the G7 cap limit. I do feel that Oil will hit into the $80+ which would have all the sideline cash jumping in then. Oil needs another bullish reason to push Oil out of the $70+ and it will come.

Goldman Sachs: Oil Prices To Hit $105 On Solid Demand Growth | OilPrice.com

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