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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 Mar 10, 2016 12:59pm
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Post# 24644162

RE:RE:Interesting Chart

RE:RE:Interesting ChartStanGiroux... After reading page 10 of that presentation I saw that CPG themselves are saying for 2017 their total production still gonna be relatively flat but they will have to use more capex just to keep it flat  @ a higher oil price of 45$ WTI compared to today ( Yes ofcourse this is assuming oil price averages 45$ for 2017 and no one really knows if that will happen or not )

Yes they will  have total payout ratio under 100% which is good but I think of other names that will be able to grow production by increasing capex while keeping total payout ratio under 100% and have dividend % that is higher that CPG.

Correct me if I am interpretting page 10 incorrectly but looks like CPG is saying they need oil price north of atleast 50$ to start growing production meaningfully instead of just keeping it flat. 


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Dealroom for high-potential pre-IPO opportunities
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