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 > What if oil falls to $60?

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Comment by Anschutzon Nov 16, 2023 11:46am

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Post# 35739296

RE:RE:RE:What if oil falls to $60?

Not necessarily. OPEC has been consistent that they don't tolerate manipulation of the market. OPEC is also aware that non-OPEC has been ramping up production. I expect OPEC to stand firm at their meeting next week. This will send a message to Non-OPEC to tap the breaks and that they should not expect their gains to be at the expense of OPEC.