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 > New York J's are setting up the narrative to slam the price

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Comment by Moemoney42on Nov 20, 2023 11:16am

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RE:RE:New York J's are setting up the narrative to slam the price

Diligent2 wrote: They have control until they don't. Cold week coming up and winter and DRAWS.

I agree, right now its a game of chicken.. paper market swinging the price wildly day in and day out.. using the headlines and EIA numbers to cloud the issue.. but the facts are that globally we're in a tight supply and consumption is still strong.. now here in the US they're talking about a record travel number this Thanksgiving.. so those surpluses this week will be draws for next weeks number..
Now add to that the end of maintenance season and as you say winter approaching, I'm looking to a strong finish for 2023.. ;-)

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