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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 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

Comment by Anschutzon Dec 20, 2023 9:01pm
159 Views
Post# 35794992

RE:RE:RE:RE:All EV's by 2035

RE:RE:RE:RE:All EV's by 2035The years of service quoted for EVs is based on taking pristine care of the batteries.  If you purchase an EV, better be sure to keep it in a warm heated garage.  Leave it out over a cold Canada winter night and watch the life expectancy of the batteries degrade much much faster.  Be sure to also factor in the cost to heat the garage, many of which in Canada are lucky to have R15 insulation rating if any.

AngryBob wrote: Moe:

Another thing to consider for EVs is after about 8-12 years, the batteries will start to need replacement. (Anyone who does not believe this look at the resale market and see how many EVs mention having had battery replacements - owner is lucky if it was done under warranty).

I have an older Volt with about 125k on the battery. As my battery range has gone down over the years, I checked the replacement cost at the dealership, just under $20k including taxes. Well, at least I have an ICE as a backup.

As more of the full EVs get older, there is going to be a boat load of people getting hit with similar bills to replace the batteries. If you take care of an ICE, 20 years is quite possible (I still see Pontiacs and Saturns on the road). It is going to be a shock for a lot of people being given the choice of paying $20k to replace the battery on a car that is about 10 years old or basically write it off.

And to think years ago I thought $4000 was outrageous for replacing my timing belt. LOL


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