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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
Post by Ogre2on Oct 18, 2009 12:42pm
696 Views
Post# 16398009

P/E

P/EDoes anyone have a good handle on why CPG is trading at a price per earnings of just 5.8
I have been alerted to this stock only in the past week, but with the bought deal it looks like the price has taken a bit of a breather - ie. a buying opportunity.  But due diligence is a lot better than jumping in with eyes closed.  Good distribution return at what is likely a low oil price going forward into 1 year hence.
Thanks in advance,
Ogre
Bullboard Posts