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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 Citizen13on Dec 14, 2024 12:19pm
117 Views
Post# 36362479

RE:RE:Why is VRN dropping more than usual today?

RE:RE:Why is VRN dropping more than usual today?Tax loss selling ends December 30th. I wouldnt touch this until after that date . VRN has gotten absolutely hammered by hedge funds . Now retail will be dumping their dogs . O&G are the  dogs again . Selling their AI profits against this garbage . Total confusion about production vs demand will ensure this is unpredicatble garbage for 2025 IMO.  And if AI finally bursts and declines these go down with all ships as well. Traders do not like uncertainty !  Can you think of anything more uncertain than Oil ?  LOL. I cannot.
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