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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 Moemoney42on Nov 16, 2023 3:05pm
209 Views
Post# 35739813

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

RE:RE:RE:RE:RE:RE:What if oil falls to $60?Actually in spring of 2020 it was a p!ssing match between SA and the Russians when the Russians got caught not following their quota, so SA tried to punish them but I think it got a bit out to control.. even to the Saudi's.. I'll guarantee that won't happen again..  ;-)
Anschutz wrote: Using your logic please explain what OPEC did in the spring of 2020 to protect the price of oil.  If you think OPEC will simply cut production to prop up the price, you need to look in a mirror to see who is truly naive.  OPEC is just as concerned about market share as they are about paper manipulation, economy, OPEC/non-OPEC production.

dogatcat wrote:

How naive are you?  The biggest manipulator of the oil market is OPEC+.  If they feel they are not getting the amount they want per barrel of oil, they will cut once again.  That is what they do to make sure the prices stay at the level they deem acceptable. 

Oil is constantly being manipulated by governments around the world but especially by the US government.   Biden is getting crushed in the polls.   Lower gas prices can't hurt with his re-election campaign.    

  





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