Veren Inc T.CPG

Primary Symbol: T.VRN Alternate Symbol(s): VRN

Energy Oil & Gas E&P

Veren Inc., formerly Crescent Point Energy Corp., is a Canada-based oil and gas exploration company. The Company is engaged in the business of acquiring, developing and holding interests in petroleum and natural gas properties and assets. Its crude oil and natural gas properties and related assets are located in the provinces of Saskatchewan, Alberta and the United States. Its operating areas include Viewfield area of southeastern Saskatchewan; Shaunavon resource play, which is located in southwest Saskatchewan; Flat Lake play, which is a multi-zone resource play located in southeast Saskatchewan; Kaybob Duvernay play, which is situated in the heart of the condensate rich fairway, Central Alberta, and Montney assets in Alberta. Its wholly owned subsidiaries include Crescent Point Resources Partnership, Crescent Point Holdings Ltd. and Crescent Point U.S. Holdings Corp.

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Veren Inc > Potential Pipeline Benefits

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Post by retiredcfon Jul 23, 2023 12:00pm

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Post# 35553384

Potential Pipeline Benefits

With the Coastal Gas Link pipeline getting close to completion, which energy companies would be prime beneficiaries? On a related energy question, when is the Trans Mountain pipeline expected to be completed and which energy companies would stand to benefit the most? Will this pipeline help close the gap in price with WTI?

Commodity prices are still 'aggregate' into pipelines, but overall prices (and spreads) could improve as these pipelines come onstream. PEY, BIR and WCP could benefit from Coastal. TransMountain is expected to be operational in Q1 2024. It could benefit CPG and TVE, amongst some others. (5iResearch)

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