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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

Comment by Anschutzon May 02, 2023 3:03pm
221 Views
Post# 35425790

RE:Oil fire sale....

RE:Oil fire sale....Agree it's a volatile stock.

Just be careful we're not being setup for a repeat of summer 2018.  While many will argue we're in a different market then vs now, it was devastating for many as the share price melted throughout summer driving season. 

If my memory serves correct, by the time fall rolled in, CPG had dropped from teens to $5. The one lesson I've learned and will never forget... oil is the most volatile and manipulated commodity out there.  Well that and maybe.... "Never expect a liberal/ndp government to help or support the Canadian commodity sector."

GLTA. Share price is falling faster than Walmart rollbacks.

]Walmart-Rollback

smallcaptdr wrote: Here we go again but a simple look at the chart that is littered with peaks and bottoms tells Oils future so maybe now when Oil does find the true fire sale bottom giveaway price it'll be then that the next bullish drive higher will start heading into the summer so before you sell look at the chart this is just another cycle for Oil. Don't kill the cash cow because milk is on sale for a week.

Crude oil - 2023 Data - 1983-2022 Historical - 2024 Forecast - Price - Quote - Chart (tradingeconomics.com)


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