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 > African countries will always sell whatever they can produce

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Post by drunk@noon on Nov 24, 2023 6:12pm

African countries will always sell whatever they can produce

because they are run by, well, Africans. Traits like cooperation aren't in their DNA. Doesn't matter which side of the Atlantic they live on. On the bright side, usually internal strive brought on by gread, coruption and a penchance for violence, along with the forementioned inability to cooperate, results in a reduction to their O&G production.

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Comment by mbuch on Nov 24, 2023 9:50pm

Wow

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Comment by Marty57 on Nov 25, 2023 11:11am

I think the African producers fall into two camps. There are the ones with so little production that their quotas and decisions on production is immaterial to OPEC (Gabon,Congo and Eq Guinea). Then there are the 4 countries (Algeria, Angola, Libya and Nigeria) that produce in the neighbourhood of 1 .0 to 1.4 MBbl/d each, and they all seem to be either in the condition of obvious declining ...more

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