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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

Post by sebastian2on Sep 10, 2024 12:57pm
204 Views
Post# 36216894

Traders may be wrong on oil

Traders may be wrong on oilWe see the oil price lately driven by trader sentiment that may be wrong IMO.  Number of short crude positions is the highest since 2011 (when such data started to be tracked) and the demand destruction form China has been potentially overstated (latest growth in chinese exports may support this argument) https://www.aol.com/news/chinas-august-exports-grow-robust-050218959.html.   Overall supply growth from non OPEC may have also been overstated.  Now given the record shorts:I am willing to wait for the pundulum to swing as it seems inevitable at this point :)..https://fingfx.thomsonreuters.com/gfx/editorcharts/WTI-CRUDE-SHORTS/0H001GSBS38N/index.html
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