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 Jun 23, 2011 7:44pm

634 Views

Post# 18758611

IEA release 60M barrels

So IEA release 60M barrels and oil price tumbles- aside from the fact that world consumes over 80M barrels a day, this is a great plan. It's like taking a wizz to put out a volcano. Oil price is going to go back up unless more barrels are released like every day. But it's nice to know that if oil does come down we have protection due to hedges in place at CPG- another great move by Scott Saxberg and the rest of the CPG management team.

Bullboard Posts

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