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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 Oct 24, 2023 11:51am
146 Views
Post# 35698312

what is amazing is while the NY J's slept oii was $2.50

what is amazing is while the NY J's slept oii was $2.50 higher than it is now. So whap, just through money flow (there has been no news to move oil) they can slam the price 2.50 dollars and this is in the face of supposed big world wide draws in inventory, this with the seasonlly strong q4 (winter) demand upcoming, and this with this explosive event in the mid east going on. Yet all thesee factors are ignored, and the price always starts moving down early morning NY time, ie.wti was up 40-50 centw when I woke. when nothing has changed. It is just money moving it. Before they had the Biden-Saudi peace plan to back them, so what kind of back strop do they have working for them now. Aside from being able to control the narritive i.e  Venuzala nonsense or playing up a weekly inventory build like it's the end of oil demand. 
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