Veren Inc T.VRN

Alternate Symbol(s): VRN

Energy Oil & Gas E&P

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.

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Veren Inc > Why oil stocks are lagging the soaring price of crude:

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Comment by alkhoron Sep 22, 2023 11:28am

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Post# 35649284

RE:RE:RE:RE:Why oil stocks are lagging the soaring price of crude:

The US can drill, drill, drill and the result will be negligible on the world production. 100 wells in the US equals a couple in Saudi Arabia. Most of the big finds have been found and they are now going after the oil which was uneconomical on the past. The US could reduce consumption faster than increasing supply.

This bodes well for countries like Canada which still have massive reserves and just need the political will to go for it.

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