Veren Inc T.VRN

Why oil stocks are lagging the soaring price of crude:

[spurwing2]

https://finance.yahoo.com/news/why-oil-stocks-lagging-behind-230000957.html

[Citizen13]

His explanation would be true but for one fact. Markets always look way forward . if the price of oil hovers around here for a while the next quarterly reports will be stunning .  So, this time is different ? markets are now  looking backwards ?  

[Moemoney42]

Stable crude prices at these levels for the rest of the year will be the magic elixer to make these stocks perform IMO.. and I do think that OPEC+ has the stead fast attitude to make that a reality, as well as the new attitude of non-opec players.. drill baby drill is a thing of the past.. shareholders want returns.. period..!  ;-)

[Citizen13]

I just saw a recent video of Trump and among other promises like killing wokeness in schools he will make the USA "Drill Baby Drill"   Wonder how he'll do that ?  Just an uninformed dummy who has no clue why drilling is being restrained.  If that ever happens again the entire industry will implode again and likely permanently . I certainly will not put a penny in it

[alkhor]

The US can drill, drill, drill and the result will be negligible on the world production. 100 wells in the US equals a couple in Saudi Arabia. Most of the big finds have been found and they are now going after the oil which was uneconomical on the past. The US could reduce consumption faster than increasing supply. This bodes well for countries like Canada which still have massive reserves and