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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 Jun 19, 2024 12:02am
78 Views
Post# 36095351

RE:RE:RE:RE:One more gas pipeline to the west coast for export !!!

RE:RE:RE:RE:One more gas pipeline to the west coast for export !!!
DivChase wrote:

Sort of true but as usual you twist facts or leave out vital information.  

northern gateway and keystone expansion, approved by Harper. Cancelled by your my esteemed leader other left wing nut in the US likely with blackfaces help .   He killed energy east proposal as previously discussed.  

You really can't see the big picture , ever.  Harper was correct.  Canada was to be the next energy superpower.  He laid the track to get us there.   Libtards like blackface crushed that inevitability all for eco virtue signalling.   What happened, the great USA laughed and said "ok, we will increase production from 9 million to 13.2 million bpd"
 

 

 


He did kill Northern Gateway....stating the if oil is going to be exported in tankers off the west coast it should be done out of Vancouver....where all the best navigation aids, support services, spill response assets are located. When KM balked at making that happen, he took over the whole operation and got it built and it is operating today.

Keystone XL is/was a proposed pipeline IN THE UNITED STATES...it got cancelled by Obama....then later again by Biden. Please explain how a Canadian PM has any authority over a pipeline in the United States. In your dreams, maybe?

He didn't "kill" Energy East.....the proposed pipeline never filed a bloody appication....TC Energy withdrew it before the application was filed with the Feds. EE was a "pipe dream" put up by TC, desperate because the Mainline was losing money. The tolls on it were lowered, the pipe filled up again and it became profitable again. Only a fool of a company would take one of it's tried and true profitable assets, shut it down, spend tens of billions of dollars to convert it to ship something else. WHY?

You are beyond naive if you think the Americans would not have increased production like they did because of KXL....the "Americans" in this case are HUNDREDS of small E&P companies that made a killing fracking in the Permian.....producing better quality, lower cost oil than WCS....if KXL would have been built it would have been underutillized and a money loser for some years.....those hundreds of small US companies overproduced so much that the oil price crashed, they went bankrupt.....WCS price was even quoted NEGATIVE for a short while in the depths of that debacle.
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