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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 packerdriveron May 30, 2024 4:14pm
77 Views
Post# 36065139

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Packer

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Packer
Moe, I've never heard that this or that industry needs direct political representation. Industries do a hell of a job lobbying governments for themselves as it is.

From the oil industry what is the beef anyway? Alberta just set an ALL TIME HIGH record production last fall, an oil pipeline to tidewater just opened to start exporting oil offshore for the first time. With that added capacity oil sands operators are planning to increase their production by maybe 20%. Next year another pipeline will start pumping gas over the mountains to load on ships for export. Prices are high, share prices even higher....Cap ex in Alberta oil and gas was almost 20 billion dollars last year and is expected to keep rising....

https://www.aer.ca/providing-information/data-and-reports/statistical-reports/st98/prices-and-capital-expenditure/capital-expenditures

Is this an industry "in trouble"? Needing of special attention/help? It's growing! at a measured and sustainable pace. What do people want? Double production, flood the market, see prices crash, unemployment spike and investors lose all their money??? A repeat of 2014-2015??? Is that what we want?

I'm not sure what Manley and company were all including in "energy"....all I know FOR SURE is that the government of Alberta (BY FAR the largest producer of oil and gas) states that "mining, quarrying and oil and gas extraction" accounted for 18% of Alberta's GDP....and all of Alberta accounts for 15% of Canada's GDP

https://economicdashboard.alberta.ca/topics/gdp/

I tend to go by the numbers...I trust Alberta's numbers.
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