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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.


TSX:VRN - Post by User

Veren Inc > OPEC+
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Comment by TheBridgeon Nov 27, 2023 9:10pm
160 Views
Post# 35755474

RE:RE:OPEC+

RE:RE:OPEC+
liljohnnyjoke wrote: everyone feels like they will announce continuation of current cuts but do nothing to enforce it

OPEC cut 1Mbbls/d 2023, non OPEC increased production by 1.5Mbbls/d in 2023, net 500kbbls/d, stealing market share from OPEC, while OPEC cuts and keeps oil price high for competition, they gotta love that
Or the two countries that currently don't want to participate in the cuts will have the Saudis do the math for them which should lead to cut production to the point that they'll still recieve the same amount of funds for less production as the price goes up.


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