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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 Marty57on Jul 28, 2023 12:41pm
180 Views
Post# 35561820

RE:RE:What price will tmx oil fetch

RE:RE:What price will tmx oil fetch
I agree with JLeer.  Access to the Pacific will enable Canadian producers to ship to whoever pays the best price at the dock -- Asia or US.  TMX is a big part of the infrastructure required to break the US monopoly on Canadian oil exports.  Remember when WTI to WCS differentials were around $30 or $35 per bbl a couple years back?  Canada was getting royally effed and there was little we could do about it. That was the situation Canada wanted to get out of and at least part of the solution was to diversify export markets for oil. IMO a little bit of diversification of export market will impact the price for the whole lot of Canadian oil prod.
US producers are selling their own domestically produced oil to foreign buyers right now from ports on the Gulf coast, and they are getting prices in line with the world price more so than WTI.  How would it be that US producers can make this trade but somehow Canadian producers could not?
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