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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

Comment by packerdriveron Nov 11, 2024 5:26pm
97 Views
Post# 36307309

RE:RE:RE:RE:Trump may not tariff Canadian oil

RE:RE:RE:RE:Trump may not tariff Canadian oil SURE....let's talk about NORWAY !!! In Norway the oil is governed by the country, not provinces/districts like it is here. Norway produces HALF the volume that Canada produces. Oil production there commenced about twenty years after Canada/Alberta did.
Early on the government of Norway decided not to fund it's government with oil royalties but invest the proceeds instead for the future. Norway's Sovereign wealth fund is more than a TRILLION dollars today and Norway is a high tax country (43% of GDP compared to 33% for Canada). https://www.oecd.org/content/dam/oecd/en/topics/policy-sub-issues/global-tax-revenues/revenue-statistics-canada.pdf
Contrast all that to the Alberta Heritage Fund that totals 24 Billion as of today... the Heritage Fund is MINISCULE compared to Norway's!
A Litre of gasoline in Norway costs 2 dollars...USD no less!!!
https://tradingeconomics.com/norway/gasoline-prices
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