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

Post by yitearpon Sep 03, 2010 4:06am

894 Views

Post# 17411321

why isn't this stock taking off

Why isn't this stock taking off- there's no way it should be at $37 level. They've increased avg daily prod guidance to 61K for all of 2010 (actual prod was 55K for Q1/Q2) and will exit 2010 with prod estimated at 69500. Almost every analyst says CPG is a buy with target SP in $45-50 range and everyone says this management team is great. With oil at $75 the SP has been languishing below $38 for quite a while now- what's it going to take for SP to start climbing?? Damn it, I'm one frustrated investor.

Bullboard Posts

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