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 > Buy the weakness

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Post by Anschutz on Nov 16, 2021 10:57am

Buy the weakness

I agree with this take on where the price of oil is going both short and longer term. If Biden releases oil from the SPR, I'll be buying the dip. In two months time we'll be through seasonal flu season and the current covid fear mongering will wane. Talk will instead be of winter vacations and gearing up for a spectacular summer driving season.

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Comment by SchoolNmoe42 on Nov 16, 2021 11:00am

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Comment by Anschutz on Nov 16, 2021 12:06pm

Yeah I could see Biden and the demonrats doing something like that. Based on that video clip I actually think Biden would ban WTI exports, as it would raise fuel prices and absolutely crush US shale and hurt Canadian producers. Considering the two options (excluding a third whereby he does nothing), it's going to be interesting which strategy he chooses. I think if he taps into the ...more

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Comment by SchoolNmoe42 on Nov 16, 2021 12:13pm

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Comment by Moemoney42 on Nov 16, 2021 12:16pm

Are you sure you don't mean "renegotiate" you see, we can point your spelling errors out too... don't play smartass when someone else misses a letter.. :-/

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Comment by Rational43 on Nov 16, 2021 12:36pm

Banning WTI exports, that's funny. Like we live in a world where the President can do anything he wants, unbound by rules or world trade deals or Congress or the Senate. Maybe he'll just ban people driving cars. LOL.

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Comment by Chad123 on Nov 16, 2021 1:27pm

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Comment by Bpultra on Nov 16, 2021 11:22am

https://www.bnnbloomberg.ca/iea-says-end-of-oil-price-rally-in-sight-as-output-recovers-1.1682451 yeah you see the narrative switching or trying to switch ... sleepy joe needs oil price increases to stop

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Comment by Moemoney42 on Nov 16, 2021 11:29am

I agree also with that guests take.. and then you have Mike McGlone on BNN this morning talking BS about oil prices struggling to maintain these levels and going down.. aside from daily wobbles that $80 WTI price is holding and I suspect OPEC+ will maintain that level as best they can.. that's a healthy level for profitability..

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