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 > OPEC meeting delayed

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Post by Anschutz on Nov 22, 2023 8:52am

OPEC meeting delayed

Oh oh... OPEC meeting has been delayed until next Thursday (Nov 30). Explains the sudden drop in WTI this morning.

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Comment by Moemoney42 on Nov 22, 2023 9:44am

The headlines I'm reading are that Russia over produced on their quota.. desperation is creeping in in Russia for $$ and this will be short lived.. the lack of investment in Russia and the over producing of the existing wells will come around to bite them in the butt in a few quarters... I'm banking on it.. ;-)

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Comment by Anschutz on Nov 22, 2023 10:57am

News about Russia over producing was reported last week. What seems to be getting raised is the over production by other OPEC members, increase in US shale and effect of a strengthening US dollar. General thought is that OPEC set their sights too high on the price of oil and inadvertently stimulated too much non-OPEC production. There's concern North American shale companies ...more

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