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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Veren Inc > Inventories

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Post by BigJake on Oct 23, 2024 11:22am

Inventories

API - 1.63 mbrl build YTD - 24.166 mbrl draw

EIA - 5.474 mbrl build YTD - 10.544 mbrl draw

WCS - 56.47 WTI DIFF - 12.75

Both EIA and API reporting builds this week, let's hope WTI and shareprices hold in while we wait for what should be decent 3rd quarter results. GLTA Longs

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Comment by Marty57 on Oct 23, 2024 11:58am

EIA report is on the bearish side for sure, but much less so when you figure in that Net Imports were 6.4 MBbl higher than last week, and an adjustment factor of 5.2 MBbls had to be thrown in to make the numbers balance with that reported level of inventory build.

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Comment by Moemoney42 on Oct 23, 2024 12:32pm

The large discrepancy in the IPA and EIA numbers makes me laugh.. how is anyone supposed to take these numbers seriously..!! It's just more noise for the traders to swing trade.. nothing more of subsantial data to change demand at the ground level IMO

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Veren Inc