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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

Post by Aurum1983on Jan 12, 2023 10:33am
254 Views
Post# 35218315

the only way

the only wayRate hike has likely peaked. 

We probably won't have a recession or if we do, a shallow one.

Covid...well, the discussion is purely academic now, no one is talking or even mentioning a lockdown or other similarly stupid measures like number of deaths etc..

oil supply - zero indication that 2023 will see an increase.

oil demand - China...unless the people risk their lives again to protest but for a voluntary lockdown...get it? The people want to spend. Look at their Jan travel stats.

So...the only way to keep oil price down is to release more from the SPR. oh....they did that already. 

Just a matter of time before fundies move money from their zombie growth stock to o/g. Look at Tesla...FAANG...That money has to go somewhere. We are in transition so be patient. o/g in 2022 was a gamble but 2023 onward is a legitimate sound investment.




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