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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

Post by smallcaptdron Apr 05, 2023 9:47pm
334 Views
Post# 35382309

5 months of Oil fighting $82 resistance..

5 months of Oil fighting $82 resistance..Oil has continued staying in its trading band since it started Dec 5th making this Oils 5th attempt at breaking through $82+ resistance failing so far, and we know how it went the last time Oil tested support at $73 after its 4th attempt Oil punched through hitting $64 and what I'm seeing in the market is some eyeopening to what's really happening in a world of uncertainty and you only have to look at Gold prices $2020 today. Friday 8:30am US releases Unemployment, Non-Farm Payrolls, and right now it has been adding to the bearishness its really going to take something bullish to pump life back into Oil as it stands tonight. We all know how the market looks at $80 on a phycological level so if this week pushes it below staying Apr bullish start could be tamed with the FED staying on course to continue in Rate Hikes. When I saw the Overseas 4:30am selloff on a day US Data is out spelled trouble so we'll know in the morning overseas verdict if the bull still has steam. 
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