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Bullboard - Stock Discussion Forum 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... see more

TSX:VRN - Post Discussion

Veren Inc > Why is oil price going down?
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Post by Vinnie3 on Mar 16, 2021 5:38pm

Why is oil price going down?

How come? there is supposed to be more demand and less supply, why is price going down? During many hours now ..... and who is knocking down the oil price at 9 am every morning? Dont they read the news? Please explain what is going on , what is this?  Plus cpg is also going down, why why why? Who is doing this? I need explanations.
Comment by juvefooballclub on Mar 16, 2021 6:12pm
World GROWTH stopped! AstraZeneca Plc’s vaccine for Covid-19, once expected to be a mainstay of protection for much of the world, remains shrouded in controversy as more countries limit its use even as scientists warn of the need for governments to tread carefully.  Ireland and northern Italy on Sunday joined a growing list of about a dozen regions in Europe moving to suspend ...more  
Comment by Vinnie3 on Mar 16, 2021 7:44pm
Thanks Juve, I understand that. I smoked a legal joint and i am getting clarity ! Read on, I write on and with truth. I think purchasers buying oil futures expected resistance around $65 and are waiting it out until the market shows a clear direction.Like a game of chicken. If the markets are manipulated by the arabs then they want to go slow and keep the price around 65 for a while so that the ...more