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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 Montney, Shaunavon and Viewfield Bakken. Its Kaybob Duvernay is situated in the heart of the condensate rich fairway, Central Alberta, which provides low risk drilling inventory. Its Alberta Montney assets sit adjacent to its Kaybob Duvernay lands, possessing similar resource characteristics including pay thickness and permeability in the volatile oil fairway of the reservoir. Its Shaunavon resource play is located in southwest Saskatchewan. The Viewfield Bakken light oil pool is located in Saskatchewan.


TSX:VRN - Post by User

Veren Inc
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Comment by blade86caon Dec 16, 2017 8:08pm
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Post# 27172484

RE:RE:Canadian names

RE:RE:Canadian namesTransporting oil by rail is typically more expensive than pipeline ( 5$ WTI for pipeline verses 10$ WTI for railway ) that makes a huge difference in costs for companies in Canada. Even with our CAD still weaker than USD the oil still needs to be physically moved to the US refineries etc.... no one going to transport the oil for free......

I am soirry but the currency exchange DOES NOT cover approx. 50% loss transporting oil by rail verses pipe. There is a reason why alot of canada based oil companies are near 52 week lows ( right now we are in tax loss selling and they will bounce guaranteed in Jan ) but CPG is a special case where their revenue for the last 3 quaters has actually slowly declined. This can be verified easily from their financials. 
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Dealroom for high-potential pre-IPO opportunities
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