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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

TSX:VRN - Post Discussion

Veren Inc > Are we out of the woods for Oil
View:
Post by smallcaptdr on Feb 24, 2023 4:46pm

Are we out of the woods for Oil

Today turned out to be better than the way it started, I was just looking at Oil technical and every interval under 1-Day is rated "Buy" anything from a day "Sell" is not bad considering Oil has been under pressure for a while now a few bullish days can change it. Monday's US Durable Goods Order hopefully doesn't affect Oil prices which will be watched through overseas trading which should give us some indication of what to expect for our trading day. Feb 28th China releases NBS Manufacturing PMI, Caixin Manufacturing PMI, if everything comes back bullish then March, will start out bullish. Right now Putin's cuts remain bullish for Oil after US attempts in stomping it down so will the US intervene in March with a way of showing Russia's cuts not creating a tightened Oil market, let's hope that nothing breaks this upward trend.  Will March roar in like a lion or a lamb...to be continued. 2 green days in a row so let's add 5 more!





Technical Analysis of CFDs on Crude Oil (WTI) (FX:USOIL) — TradingView
Comment by tollycraft on Feb 25, 2023 7:23am
As far as any info coming out of China, I would'nt believe a word they say.  I willl  make all my  investment decisions based on information I get from any other source but that country. GLTA
Comment by pierrelebel on Feb 25, 2023 11:28am
"Are we out of the woods for Oil..." I do not think so.  I expect WTI to keep trading in the US$72 to US$80 range until the end of April while the Cdn$ will continue to show some weakness and the spread for heavy oil will continue to shrink to the US$15 range. All in all OK for most Canadian oil producers. Shares of most producers will be performing fine as many traders will ...more  
Veren Inc