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 > Canada to Increase Oil Exports to Europe?

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Post by Marty57 on Mar 15, 2022 12:26pm

Canada to Increase Oil Exports to Europe?

Here is a current headline in the Oilprice website:
Canada Ready To Ramp Up Oil Exports To Europe And The U.S. | OilPrice.com

What capacity does Canada have to export oil to Europe? Very limited oil pipeline capacity to the East Coast of Canada, so probably not much Western Canadian oil going there. Maybe they will ship Newfoundland oil production to Europe? That's about 200 or 300 kbpd I think... not insignificant.

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Comment by CatoCan on Mar 15, 2022 12:31pm

Yeah I don't really see Canadian oil making it over there. Of course the Newfoundland stuff is easy enough but the main bulk of Albertan oil is not really deisgned for European epxort. The more likely outcome is that more CAD oil flows to thr US and therefore allows the US to export more of its domesic supply to Europe.

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