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

Post by yitearpon Apr 12, 2011 5:35pm

892 Views

Post# 18421459

Goldman Sachs

Picture the scene: a conference room at Goldman Sachs where a manager and his underlings are having a meeting. The manager says "Boys, the price of oil is pretty high, what do you guys think if we sent a note to our "clients" stating we believe oil will drop by $20 in the near future and all the while we short sell oil and all our oil-based stocks". The underlings in unison "great idea, boss and when oil has dropped sufficiently, we send a note saying we believe price of oil will go up so we make money going long too". Meeting ends, everyone at Goldman Sachs makes a ton of money- small retail investor gets screwed.

Bullboard Posts

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