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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

Comment by AngryBobon Dec 20, 2023 9:59am
97 Views
Post# 35793595

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

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

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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