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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.


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Post by retiredcfon Apr 04, 2023 6:18am
254 Views
Post# 35377865

Stockchase After the Close

Stockchase After the Close

Q2 and the trading week began with a surprise announcement from OPEC that it will cut crude oil production, sending WTI gushing over 6% to $80.50 and leading the TSX 0.84% higher. On Bay Street, materials and banks also rallied while real estate showed some weakness.

Big movers in Toronto included Teck Resources soaring 18.72%, Meg Energy up 8.84%, Crescent Point Energy 6.6% and TD 2.14%. In contrast, Canfor sank 5.72%.

Oil also rallied on Wall Street, pushing the S&P up 0.37% and the Dow 0.98%, though the Nasdaq declined modestly by 0.27%. Major movers included Exxonup 5.9% and Diamondback Energy at 6.85%. Meanwhile, Humana rallied 5.11%, Hess 8.44%, but Tesla sank 6.12% after missing expectations for its EV deliveries. The U.S. 10-year yield slipped to 3.419% while Bitcoin declined 1% to $27,800.

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