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

Bullboard Posts

Comment by 49ANDFREEon Dec 12, 2018 10:31am

194 Views

Post# 29102858

RE:RE:OnFridayTSX60'llDropCrescentPoint

When I spoke with IR a couple of days ago, I was told the decision would be made this Friday on whether ARC or CPG will be dropped on the TSX 60 for Canopy. My understanding is that if it is, there will be a large cross on the 21st (similar to the 50 million share cross we saw the last time there was the MCSI drop). The selling pressure leadng up to that was tax loss selling and panick selling. I hope we make the cut, but even if we do not, there will be some volatility but the fundamentals remain the same.

I also think we may see a downward revision in Cap Ex spending for 2019 so that the Company remains in a 100% payout ratio under depressed WTI. This likely gets reported in the second week of January (similar to last year).