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.

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Veren Inc

Bullboard Posts

Comment by yitearpon Sep 21, 2010 2:40pm

982 Views

Post# 17475162

RE: RE: New Issue

I'm not thrilled about this latest financing for sure. However how are they supposed to increase production if not by purchasing land and acquiring companies. I'd take a share offering over high interest loan any day. Is CPG going to ~$32, maybe but what is for certain is 2010 exit prod will be up to 71K (rather impressive considering Q1/Q2 prod was ~55K so that's a 29% increase). This latest financing will no doubt hurt SP short term but long term things look good (Q3/Q4 prod numbers should be great- can't wait).

Bullboard Posts

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