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 > Global seaborne oil flows decline,Russian exports plummet:

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Comment by Moemoney42on Aug 02, 2024 2:52pm

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Post# 36161615

RE:RE:RE:RE:Global seaborne oil flows decline,Russian exports plummet:

IMO its an over reaction.. nothing more.. stock markets at all time highs are prone to a pull back.. just another day in the neighborhood.. just happens to be a red one today.. next week we'll have green ones.. IMO..

Anschutz wrote: The US economy is rolling over and is in worse shape than this week's retrospective indicators suggest. Democrats will do everything they can to lower the price of oil between now and November. The fed waited too long to cut rates and is losing confidence of the markets.

It's looking more and more like Bryska made the same mistake as Saxberg, going on a spending spree as global econoezmy tanks. Perhaps even worse considering higher interest rates, with governments/NGOs ramping up their attacks on the sector.

baranja wrote: Also OPEC just anouced they will keep the cuts for long time,
Feds is now being forced to cut rates, massive issues happening in the Middle East,.. They are puposlly slaming oil prices now,,.. it is supposed to be that oil prices are now exploding in prices based on what is going on globaly.

Moemoney42 wrote: Thanks for the article spurwing.. I think I might just add to my VRN with that headline.. good sale on O&G shares today to hold for the long term IMO.. ;-)