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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 Feb 15, 2023 3:17pm
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Post# 35288206

Oil bulls buy back market dip after mega U.S. crude build

Oil bulls buy back market dip after mega U.S. crude build Support at $77.50 held today last hit Feb 9th that same day Oil dipped quickly hitting $76.70 so having support at $77.50 has proven again when Oil was at $77.50 rallying from there over $79 before the usual pullback still having Oil sitting at $78.50 has to be looked at as bullish and this is after disappointing Inflation numbers which were a huge hurdle to deal with and survived for another month plus a swelling Oil Stock so if Oil can be at $78.50 you know that the bulls are pushing back hard everyone wants the carrot that's dangling at $95+ Oil is Down a whopping $0.70 

Optimism, Pessimism, and Realism

In the corner of oil bulls was longer-term demand for crude predicted by the Paris-based International Energy Agency. The so-called IEA raised its forecast for 2023 oil demand by 500,000 barrels per day to nearly 102M bpd. It also cautioned that producer alliance OPEC+ might try to squeeze output to keep crude prices supported.


Oil bulls buy back market dip after mega U.S. crude build  By Investing.com
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