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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 Marty47on Nov 27, 2023 9:25pm
223 Views
Post# 35755483

RE:RE:RE:OPEC+

RE:RE:RE:OPEC+I did read a bit more why Saudi will cut production , 
1st the non opec always run maximum production ,they don't have spare capacity 
2- opec together control 40% of wold oil production as long they stay at 40% they cut production if price too low , if non opec production slow down and price go too much opec then produce more to lower price .
3 also opec need to manage geopolitical events and wold event like during covid and war in Iraq 
4 if non opec produce too much and they go under 40% of their market share they flood the market and get back to 40% , the price will go down but also non opec producer as they don't want produce at a lost and production go down , and price go back up with opec stay at 40% market share 
5- also opec cut or increase production base on supply and demand but they alrways manage so to keep the 40% market share . 
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