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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 25, 2023 9:43am
149 Views
Post# 35463481

RE:Frustrating ..

RE:Frustrating ..Agree with you Frank. Physical supply and market is meaningless in this politically corrupted environment. It's looks to me like the objective is to suppress the price of oil at the time of year when prices usually rise. Biden just needs to keep the US default game going until early July. If they can do that, then the summer driving season effect will have passed and we likely see prices stayflat and decline into fall. I'm still hoping for a runup into summer as I've been sitting on the sidelines way longer than I expected, but getting more and more pessimistic.  I completely missed factoring in a US debt crisis timed to occur perfectly with summer driving season.  Seems there is no end to the excuses they can use each spring/summer to push prices down for US drivers.
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