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

Add To Watchlist

TSX:VRN - Post Discussion

Veren Inc > It appears

View:

Post by Moemoney42 on May 15, 2024 9:22am

It appears

the IEA is back to fear mongering.. so the growth has slowed only.. but its still growth.. they can't even get the weekly figures right.. what makes them think they can forcast growth with any accuracy.. what a joke..!!

"Crude oil futures edged lower Wednesday as the International Energy sees global demand growing less than originally forecast this year.

World oil demand is forecast to grow by 1.1 million barrels per day this year, down 140,000 bpd from last month’s projection as demand in developed economies softened in the first quarter, according to an IEA report.

U.S. oil and Brent are down 5.4% and 6.86%, respectively, for the month."

326

Comment

Comment by Moemoney42 on May 15, 2024 9:29am

And just like clockwork the algos and US traders knock the price down from over night trading.. looks like Biden hasn't completed his buys for the SPR yet..? ;-/

121

Comment

Comment by Moemoney42 on May 16, 2024 9:44am

Crude up over a buck this AM and the sector isn't reacting positively for the most part..! Looks like the trees and confidence needed shaking again.. ahhh the disconnect.. so frustrating some days..!

185

Comment