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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.


TSX:VRN - Post by User

Veren Inc > Inventories down, conflict, supply disruption, China stimulu
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Post by sebastian2on Sep 25, 2024 12:10am
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Post# 36239629

Inventories down, conflict, supply disruption, China stimulu

Inventories down, conflict, supply disruption, China stimuluWe have inventories way down for the week, China stimulus, Middle East conflict escalating out of control, supply disruptions due to weather.  On top of that sentiment may be turning because AI energy demand will strain the system and knowck out any dreams of replacing fossil fuels.  It now looks like "renewables" will just barely add to the mix.   Goldman Sachs expects Brent crude oil prices to see some upside in the fourth quarter.  Then we get the expeced lower interest rates going forward.  The oil shorts may be caought in a perfect storm.... 

https://oilprice.com/Latest-Energy-News/World-News/Bank-of-America-Thinks-Oil-Bears-Are-Walking-Into-a-Trap.html

and

https://oilprice.com/Latest-Energy-News/World-News/Goldman-Sees-Upside-for-Oil-Prices-Amid-Supply-Concerns.html
  
What's not to like :)

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