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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Veren Inc > SPR release

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Post by Diligent2 on Nov 23, 2021 7:12am

SPR release

Biden to release 50 million. Opportunity abounds : Well If I was Opec+ here would be my strategy

Lower production exactly equal to added amounts , assume north american oil companies will adjust their capex going forward and in 6 months will be at 100 dollars for a year .YAHOO!!!!!!!

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Comment by spacegimp on Nov 23, 2021 7:19am

Bolsheviks on bnn delighted at oil price smashdown.

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Comment by Ogre03 on Nov 23, 2021 9:27am

Problem is Opec has historically never responded by lowering output always flood the market and then do damage control after. A release has been ongoing from the the spr of about 3 million barrels a week sinceapril 2021 began as well. Short term this could be bumpy as all get out. I do agree that it is a foolish notion and in the end will drive oil prices to da moon which ...more

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Comment by Bpultra on Nov 23, 2021 9:40am

------------------------ the guy with the orange hair had opec in check ... but you cut pipelines and cut looking for oil you will get what sleepy joe is getting he will not win this one...https://www.bnnbloomberg.ca/biden-to-release-u-s-oil-reserves-in-challenge-to-opec-1.1685973

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