Bullboard - Stock Discussion Forum 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... see more

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TSX:VRN - Post Discussion

Veren Inc > $84 WTI today

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Post by Anschutz on Oct 22, 2021 9:28am

$84 WTI today

Different start to the day today. For the past number of days the price of WTI has risen in asia markets and promptly pushed back down by the north american market open. Today they let it rise. Looking like today we could close at or slightly above $84. Lots of news this morning about the oil shortage and cushing running out. Here we go.

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Comment by CdnOilObserver on Oct 22, 2021 9:53am

While I believe that the current supply & demand balance is being patiently controled by OPEC+, there still remains capacity within OPEC+, and there are still a large number of private companies willing to drill. I do also believe that many publicly traded companies are controlling their spending, but at some point if the price maintains >$80 WTI, supply will be increased. Greed ...more

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Comment by NonCredibleSrc on Oct 22, 2021 10:01am

NCIB comment (positive) would be a great release to see today!

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Comment by Marty57 on Oct 22, 2021 10:04am

Yes..time for them to address the NCIB. I think there is now line of sight for complete repayment during Q4 of the cash borrowed to buy the Shell Kaybob assets. And on top of that, it appears there will be FCF on hand to put aside for the upcoming dividend Plus get a good start on the NCIB in Q4. C'mon CPG, get that NCIB rolling and see what it does to share price.

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