Veren Inc T.VRN

What news caused the tank in the last few minutes?

[bassfishing88]

Affected all he oil stocks

[baranja]

Natenyahou fires defense minister. That guys was Biden's man anyway.

[baranja]

That tells me that the pink and green haired wokes will enjoy to see the new president of the USA. .....D, J, Trump.

[packerdriver]

As a Canadian oil investor and just a plain old Canadian you got to be "deranja" to cheer for the Orange Jesus running for POTUS.....As if MORE US oil production will be good for your oil stocks and tariffs on everything will be good for Candian jobs (????)

[Marty47]

We may not agree for trudope but on trump I do agree with you , I don't like the dem but if people think trump will help stocks in Canada ... be ready for a shock , this man will have his last 4 years and won't care much about other countries , it will be America first , this man was persecuted , impeach and if in the White House he will unleash revenge and a protectionist agenda , I'm

[baranja]

100000% disagree. Just watch.  You boys should have sold it then, as Trump will win.  Even Amish, never voted, decided to vote for Trump, that's how much those dems are hated. We will see tomorrow.   Maybe I am mistaken, but we will see.  Those are interesting times in our history . 

[sebastian2]

Both have pros and cons.  Remeber the first thing Joe did was cancell Keystone XL, that was not good for Canada.  Trump will want new NAFTA again and tarifs also not good.  But if there is less oil prod in US under the dems and more in Canada under the Conservatives and maybe more pipelines to diversify that would be ideal.

[Zipolitemexico]

20% tariff to exact and lowering their  tax on corps to 15% from 21%. That could start an exodus of companies south. Our corp tax is much higher That will tank our dollar. All this could create hard times for our country.

[Zipolitemexico]

"Production of crude oil in the U.S. has increased by 68% in the past 10 years. The U.S. produced 7.91 million barrels per day in November 2023. The Independent Petroleum Association of America said that improvements in fracking technology have led to the record-levels of production. On March 11th the US produced more oil than any other country ever... So any increase in US oil production

[sebastian2]

No US company will produce more to make a smaller profit as a result.  Watch for other things to happen this is not just a production thing.   Canada histoically has been selling oil and gas at a large discount because of the absence of our own access to markets.   Look for that changing depending on our election results.   Who cares if we have more oil at $60 if

[Canoftuna]

So if oil hits 60$ its toll free?....maybe Kinder will return and build two pipelines...

[sebastian2]

All I am saying is that there is a lot more to profits than just oil production volume and its effect on crude prices..  You get subsidies for both green and oil industry, the tax framework and so on;  it is not a simple one variable problem.  It is a three body problem :).   No one here will be able to make a compelling argument that floors everyone.  This is just a

[packerdriver]

REALLY??? "there is a lot more to profits than just oil production volume and its effect on crude prices"???? LIKE WHAT? Everyday people on this board blame VRN's poor SP performance on some "manipulation" of the oil price (Saudis, Biden, Algos, Soros....take your pick!) Bottom line: Right now, in this market, with brand new Guyana and Brazil production coming on stream the

[packerdriver]

How would there be "less oil production under the dems"???? US oil production is BREAKING RECORDS right now....UNDER THE DEMS as we speak!!!! (August production was 13 Million barrels per day...it was 5.5Mbpd in 2010!!!) Canadian oil production is also breaking records...RIGHT NOW....and the Conservatives are in opposition. Canadian production has DOUBLED since 2010. What alternate

[Marty47]

Ya I sold half my oil stocks as I was just cautious reinvest and already 18% up with dividends in six months , again I like trump all I'm saying our oil will get hammered , and don't forget we still have this idiot as premier minister , trump hate him and castreau won't have the balls to fight him .... after all it's oil,  him and Guilbeault will be happy to give the oil away

[Canoftuna]

The oil we give away flows through Keystone XL

[Canoftuna]

He wants 4 more years to close the border he failed to close...and wants the cat and dog population to increase...taking away valuable jobs from the K9- unit...