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 > Nutsco

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Comment by Moemoney42on Nov 07, 2023 1:56pm

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Post# 35721948

RE:RE:RE:RE:RE:Nutsco

Yes as I've mentioned before.. O&G investing isn't for the faint of heart.. I feel better about the metrics these days than in prior cycles.. time will tell if that thought is right or wrong I guess..? Still long.. ;-)

Anschutz wrote: Nellies are right to be nervous. WTI has broken through support at $78. Next support level is down around $76. Unless we see a reversal (which I don't think we will), all E&Ps will continue to sell off. WTI head and shoulder pattern looks to be confirmed with potenital for downside slip to around the $72 mark.

Moemoney42 wrote:
bassfishing88 wrote: So is this confirmed that Eric has dumped his CPG shares? TIA

No just people trying to spin a negative narrative.. :-/
Lets not forget crude is now down over $3 so the whole sector is down at the moment.. this action will certainly shake the nervous nellies out of the trees though.. :-(