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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 20, 2023 11:47am
326 Views
Post# 35295035

Oil edges up on China demand hopes and supply concerns

Oil edges up on China demand hopes and supply concernsJust out, the bulls aren't ready to give up just yet on China which will start gaining momentum, even if firms down talk China they'll be proven wrong and what will happen is once China starts filling labor positions now that the COVID peak has passed workers will slowly gain confidence that COVID worst is behind us plus the factories that are offering higher pay and other incentives will work and like a herd of animals once the leader tests the waters and prove it's safe the rest will follow and manufacturing will see a larger gain than anyone expected plus having a hard time in finding laborers is a good problem to have to indicate that demand has started. There's no reason to push SP too low; if the lots for bids are small then don't sell to make a penny you only kill confidence for something that will be worth larger coin if held. Take care of the pennies and the dollars will take care of themself. If Oil does head lower stand fast the rebound is all but guaranteed



Oil edges up on China demand hopes and supply concerns | Reuters
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