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 > Oil met with resistance at $81

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Post by smallcaptdr on Jan 17, 2023 10:17am

Oil met with resistance at $81

Oil needs to break through $81 the previous high of Dec 27th and Jan 3rd so this could be it for today unless they power through even though OPEC left things as they were the biggest concern is China COVID spreading like wildfire which everyone knows could kibosh China recovery but as of today, China's data isn't pointing towards growth but erosion in Dec Industrial Production numbers

Click on the 1-month view to see resistance.

Crude oil - 2023 Data - 1983-2022 Historical - 2024 Forecast - Price - Quote - Chart (tradingeconomics.com)

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