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 > So much for tight Oil markets

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Post by smallcaptdr on Sep 28, 2022 6:32pm

So much for tight Oil markets

First of all, they need to quit saying that the market is tight because it's not if they want to cut production so are they sucking or blowing and there's been a few news articles in the past saying that certain countries have the room to increase production and here's the latest news from the Gulf and other news articles. I'll be surprised if Oil hits $85 tomorrow if it continues to rally higher. IMHO I don't think that Oil needs to rally until Russia cuts over 1Mil bpd out of the system but for now, Oil in the $70+ is high for the times that we're heading for and once the recession digs its heels in the lower $70 Oil will be overpriced. On the bright side, there was money being made today.

U.S. Gulf Of Mexico Can Help Fill Global Oil Supply Gap | OilPrice.com

China Claims First Offshore Shale Oil And Gas Discovery | OilPrice.com

Iran Is Ready To Release Millions Of Barrels Of Oil Into The Market | OilPrice.com

Biden To U.S. Oil Industry: Don't Use Hurricane As Excuse For Price Gouging | OilPrice.com

Dallas Fed Survey Sees Activity Increasing At Solid Pace In U.S. Oil And Gas | OilPrice.com

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Comment by BigJoe778 on Sep 28, 2022 6:58pm

You're an idiot. The US government is releasing 1 million barrels a day and can barely pace the supply deficit. With the exception of the last few weeks there have been draw after draw after draw from inventories. Even when they report a build it's always less than what was released from the SPR. What happens when they stop releasing from the SPR next month? Also for every article that ...more

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Comment by Anschutz on Sep 28, 2022 7:25pm

When every talking head and analyst on legacy media is touting a recession, probably a good time to consider the other side of the trade. With a month to mid-terms I think we're in a highly politicized environment. Lots of agendas at play that can have an indirect impact on the price of oil and economy. Personally I still expect the narrative to shift by November with less ...more

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Comment by Moemoney42 on Sep 28, 2022 11:58pm

Smallcrapper Quote: "they need to quit saying that the market is tight because it's not if they want to cut production so are they sucking or blowing" Say's the king of "sucking and blowing".. LMAO..!!

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