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 Mar 28, 2023 2:08pm

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Post# 35365101

Russian Oil Exports to India Surge 2,200%

Russia is stealing the show supplying China, Asia, and India leaving scraps for US Oil sales plus there's still talk that Oil sales which have been dominated using USD see changes coming as countries lean towards using the Yen so far Russia has been successful selling NG to countries who pay in Ruble knocking out the Euro. Oil and NG sale from any country is what prompts their currency so eliminating the USD in some trades over time will affect the strength of the USD. If it wasn't for Kurdistan halting Oil we would not be at these levels with surplus Oil in the market outpacing demand still while Oil production disruptions help Oil bullishness there are also a lot of recent Oil discoveries and I'll bet in 5-10yrs OPEC will be broken up leaving production and sales open to all countries as the US gets closer to going electric through the decade's Oil companies will go the way of the dinosaurs and the first to go will be Oil Sands because of cost, environmental issues it'll be a future of only "wells" survival when Oil heads down below $60. Oil has been hitting resistance at $73.90 but Oil still gained so tomorrow we'll know for sure if Oil is destined to $75+ SPR and Russia are hurting thoughts of tightening demand near term. Oil has climbed close to $10 since hitting $64 so there will be a limit to further gains.

2022 seen as a bumper year for global oil & gas exploration, says WoodMac - Offshore Energy (offshore-energy.biz)

The Old World Order For Crude Oil Is Disappearing (forbes.com)

Russian Oil Exports to India Surge 2,200% Following European Sanctions - The Moscow Times

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