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

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Comment by heraclituson Feb 13, 2014 6:50pm

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Post# 22207543

RE:RE:Question about PE Ratio and Oil Companies

When calculating earnings for oil and gas companies there are large non-cash accounting entries. Foremost is the rate at which capital costs for drilling and exploration can be written off against income. Smaller exploration companies rarely have profit or significant profit because of their aggressive drilling expenditures. I think that is the reason that P/E is misleading indicator for O&G companies.

Bullboard Posts

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