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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.


TSX:VRN - Post by User

Veren Inc > Price of WTI?
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Comment by Anschutzon Oct 20, 2023 12:42pm
96 Views
Post# 35693265

RE:RE:RE:RE:RE:RE:Price of WTI?

RE:RE:RE:RE:RE:RE:Price of WTI?

I believe that $79 was part of Biden's jawboning to try and manipulate the price of oil lower.  Suggesting Venezuela is going to pump enough to push prices down to that level is silly.  Just last month it was reported their production fell and they are experiencing significant difficulty operating their heavy oil infrastructure due to a decades of neglect and US sanctions.

https://www.reuters.com/markets/commodities/venezuelas-august-oil-exports-slump-38-crude-upgrading-falls-short-2023-09-04/

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