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 > saudis will be forced to pump

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Comment by Anschutzon Oct 18, 2024 8:51am

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Post# 36271275

RE:saudis will be forced to pump

Hahaha... there it is. The line the pundits have been using for a decade to justify higher oil prices.

The Arab world's biggest economy needs oil prices at almost $100 barrel to balance its budget, the International Monetary Fund (IMF) estimates.

Expect North American producers to get another poke in the eye ouchie for their inability to constrain themselves.

spacegimp wrote: its too bad the north americans couldnt contain production ...again

https://www.reuters.com/world/middle-east/saudi-arabia-expects-2024-deficit-widen-3-gdp-2024-09-30/#:~:text=The%20kingdom%20expects%20to%20post,2024%20budget%20statement%20in%20December.

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