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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

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Post by packerdriveron Nov 11, 2024 1:56pm
138 Views
Post# 36306955

Fifty dollar oil and 1.60 for a USD ???

Fifty dollar oil and 1.60 for a USD ???
Interesting prediction....WTI at 50 will mean around 38 for WCS...that'll hurt.
Canada enjoys a 109 Billion trade surplus with the US....or 22% advantage.
Oil, with it's volatile prices, accounts for 26-28% of Canadian exports.
Car parts account for about the same amount of 26%.
38 dollar WCS will cause cap ex to plummet....unemployent will rise quickly in the oil patch
1.60 for a USD will see producers who get paid in USD and pay for their day to day operations with CAD will still do OK...
1.60 for a USD will mean Canadian car parts will get cheaper in the US and that business will BOOM.
(Ford, Stelantis and GM won't let Trump muck with their Canadian operations supplying their US plants)
1.60 for a USD will see the Tourism Industry BOOM across the whole country.
Welcome to Trump world!
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