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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 Oct 18, 2023 2:56pm
101 Views
Post# 35689570

RE:Re oil price going forward. No one knows. Fundamentals like

RE:Re oil price going forward. No one knows. Fundamentals like I think the algos are heavily probability based and influenced a lot by historical price movements.  The rise in the price of CPG over the last few days is likely weighing it down today.  If price of oil hovers around here or goes a bit higher by Friday, watch for another 25 to 35 cent pop tomorrow or Friday.

drunk@noon wrote: inventory draws are ignored. Stellar US job numbers are ignored. The algo's (NY J's )control the narrative and they always seem to make money by driving it through the floorboards,  with twisted reasons they feed to the parade of CNBC stooges.  i.e week before last US inventories went up, after week after week of hudge draws, so despite fantastic employment numbers coming out during the week,  they yapped about gasoline demand destrucition and used that as a reason to tank the price. So alas, when the Isrleel J's ' stop slaughtering thousands  of palestinians to hopefully kill a few hundred  terrorrists and things die down without Iran lobbing missles into downtown tel aviv the payback for the terrorrist attack will be over (so-called war) and the algo's they will declare the war premium over for the price of oil and voila a 10-12 dollar drop--and the price goes where they want it.
This is a  bad day for CPG as oil is up another 2 dollars and we're struggling to maintain a 6 cent gain.
Follow the XOP as if it doesn't go up when oil goes up,, like a few weeks ago, oil will tank as it did when it dropped from 90 dollars plus to, what, 82 dollars in a couple of days despite two weeks of hudge US inventory draws and record chinese buying.  Whap down 8 bucks. I am long oil stocks so I always asume the worse, and when it comes to oill I am seldom disappointed.



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