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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

Bullboard Posts
Comment by 49ANDFREEon Dec 08, 2018 1:37pm
85 Views
Post# 29087185

RE:RE:Deleverageing the balance sheet

RE:RE:Deleverageing the balance sheetI should have mentioned that I think Cap Ex for Q4 will be approximately $334M based on what they have said to date.  In one of their conferences presentations, they said that second half of 2018 they had $750m in Cap Ex to go and in Q3 they spent $416m.  

They also said in one of their conferences (based on WTI at the time) that they expected $100 m free cash flow in Q4 (that was before oil tanked further) and approximately $350 million in 2019.  Again this likely at $65 WTI and better differential (even though they are not as impacted on differentials as other Canadian producers of oil).  
Bullboard Posts