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 > Cant see Oil running high tomorrow or it would of today

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Post by smallcaptdr on Sep 27, 2022 7:20pm

Cant see Oil running high tomorrow or it would of today

Once again API shows a surplus and SPR is running on empty but they'll fill their tanks with cheap Oil. Oil is still in the $70+ so until Oil gets back up into the $80+ there's still a possibility that Oil could sell off tomorrow because there's no need for higher Oil prices right now and Oil only got up around $2 at the highest today so it's far from being bullish and the DOW was down again so until something changes traders they are looking at a bearish economy. We'll have to see if they're in a bullish mood across the pond tonight but I can't see that happening with everything that's going on in Europe. Oil could stay in the $70+ tomorrow and China the second largest Oil consumer is set to slow to 2.8% this year down from 8.1% in 2021. My prediction of $75 Oil is now at $65 by year's end unless something changes production the global recession is a real fact.

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