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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 > Inventories down, conflict, supply disruption, China stimulu
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Post by sebastian2 on Sep 25, 2024 12:10am

Inventories down, conflict, supply disruption, China stimulu

We have inventories way down for the week, China stimulus, Middle East conflict escalating out of control, supply disruptions due to weather.  On top of that sentiment may be turning because AI energy demand will strain the system and knowck out any dreams of replacing fossil fuels.  It now looks like "renewables" will just barely add to the mix.   Goldman Sachs expects Brent crude oil prices to see some upside in the fourth quarter.  Then we get the expeced lower interest rates going forward.  The oil shorts may be caought in a perfect storm.... 

https://oilprice.com/Latest-Energy-News/World-News/Bank-of-America-Thinks-Oil-Bears-Are-Walking-Into-a-Trap.html

and


https://oilprice.com/Latest-Energy-News/World-News/Goldman-Sees-Upside-for-Oil-Prices-Amid-Supply-Concerns.html
  
What's not to like :)
Comment by mbuch on Sep 25, 2024 8:52am
Yes, all this bullish news out this AM and WTI is down 2% early morning. Ha Ha Manipulation at it's finest! Let's wait for the end of the day.
Comment by Moemoney42 on Sep 25, 2024 9:29am
Yup traders doing their best efforts at keeping crude in a range.. At some point the physical market will dictate price action IMO.. And I think when that happens we'll run to just under $80 USD quickly.. ??
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