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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 drunk@noonon Aug 24, 2023 7:25am
241 Views
Post# 35603258

Me thinks we are screwwwed. Oil can't even

Me thinks we are screwwwed. Oil can't evenhold $80 dollars. Last week was a disaster. Hudge draws, stellar Us economic numbers, i mean stellar, and yet oil plunged 3-4 dollars. CNBC flashes a box tieing in oil with China weakness every morning and Morris from CITI  comes on and yaps about all the supply coming on. And he was right about oil weakness--nutall was wrong.  New York J's use the price of oil as a punching bag, they control it. Nutal can yap about his spy in the sky inventory numbers, but they control the narritive. They don't need stats, they control the narrative,  and thus the price.  Snowflake can make 3 cents a quarter and trade at 150 bucks. Oil fundamentals can look fantastic, but wap, it drops 2 bucks yesterday morning, and CPG drops 3% within minutes of the opening. I am long half a dozen cdn names, and will go down with the ship. I never learn. 
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