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Bullboard - Stock Discussion Forum Veren Inc T.VRN

Alternate Symbol(s):  VRN

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 > Austrailia already exports 11bcf per day of nat gas through
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Post by drunk@noon on Oct 22, 2023 3:39pm

Austrailia already exports 11bcf per day of nat gas through

their LNG plants. Cost to process and transport, what, $3-4 a mcf, and you get $15 to $30 for it dependihng on seasnal demand/weather What would that bring into the country? Let;s seem even a a measly 10 dollars us a mcf incremtal cashflow, you talking  11 million times $10 dollars US or 13.33 cdn time 365 days. $53 billioln a year. That's money flowing into the country from abroad. Instead we might get to start exporting 2 bcf a year or two down the road, if the powers that have been fighting against this for the past decade don't do something to stop it.  This country sickens me.
Comment by Moemoney42 on Oct 22, 2023 10:08pm
Exactly, Australia has been pocketing 10's of billions of dollars a year in NG revenues.. jus think what that would do for us tax payers here in Canada.!  Maybe we could actually have some hospitals built so we don't have to wait for months for critical surgery.. our tax burden wouldn't be so eroneous and gawd forbid we'd have some critical infrastucture builds to make this ...more  
Comment by Canoftuna on Oct 23, 2023 9:54am
Alberta recieved 8 billion in royalties and 30% of 6.8 billion in taxes from the big four alone in 2022. . So far this year they received 10 billion in royalties from the same four. Enough to pay for education from k to 12. How many hospitals did they build with it? Free enterprise builds infrastructure you ask for only when it's economical. (They seek profit). If not they won't. Only once ...more  
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