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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 kelsat01on Jun 16, 2012 3:08pm
737 Views
Post# 20021890

Who with CPG take out next?

Who with CPG take out next?

One of the great advantages (and key to CPG success in the past) is to use its premium stock valuation as a currency for purchasing distressed assets or other juniors by using shares instead of cash. 

It would be like residents of Canada having a $1.30 to USA dollar ratio and then going down and buying the same house down there at 1/3 the price.  In the long term everything returns to its true value but in the short term great deals can be made.

That said three companies that I think could be on the list is LEG (Legacy Oil ), TOC.A (Tourquay Res) and ARN (Arcan Res). All of these stocks are 100% oil focused and have been hammered due to their size and debt leverage which makes them susceptible during down markets. They are currently trading at a deep distcount to their NAVs.

I am looking for some other companies that operate 100% oil that may be in the same boat.  I would like to hear of any other stocks that might fall into this category.

 

Bullboard Posts