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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 smallcaptdron Feb 06, 2023 1:12pm
205 Views
Post# 35269619

Absolutely no reason to be selling

Absolutely no reason to be sellingNo surprise that the US pushed Oil down to $72- but there's no reason for it to be that low plus the push lower wasn't a powerful sell-off by any means and $73 is still holding so no reason to panic plus everyone is aware that Oil will be heading higher through the weeks and months but with recent touting about China`s recovery possibly showing higher demand coming sooner will only help Oil. Putin has been tight-lipped, you would think that he would at least of made a statement to his countrymen about this latest cap because you would think everyone would be worrying about the economy and the war. Putin will make a statement, just when,  If Oil closes $73 could be the start of further gains. Didn't work out as I was hoping for Oil to open higher but we're green and I'll take that. Hoping for Putin to make a threat to cutting production tonight and this is the quiet before the rally. overseas kept Oil average $73 supporting this level and the US is following. This would be the worst time to sell because sitting at $73 the odds favor the upside. Everything is good right now we are where we should be and $73 will be the bottom before the rally. Hopefully, Biden comes out with a large order of 100Mil+ barrels or any other amount.
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