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Veren Inc T.VRN

Alternate Symbol(s):  VRN

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.


TSX:VRN - Post by User

Bullboard Posts
Comment by poiseon Jan 27, 2015 1:55pm
285 Views
Post# 23368678

RE:Hey POISE---Question

RE:Hey POISE---QuestionIts quite an impressive fee simple lands they acquired. Lands are scattered and close to some fairly large Frobisher pools and along the Torquay trend. They are currently not drilling exploratory wells but mostly infilling large Torquay and Frobisher wells. Rapidly increasing production along known and recently discovered oil pools. They are close to acquiring another company which I believe is LEG. They are increasing production within a very localized Sweet Spot at Taylorton as each well is initially producing 575 BOPD. LTS remaining assets are weak as most wells are economical at today's oil price. For the record, JMHO.
Bullboard Posts