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 PAGODA5on Oct 09, 2014 9:38pm

367 Views

Post# 23016955

RE:Pull Back

Oil is self-correcting and you are going to see that here. Lower oil prices mean low gasoline prices and people will drive more meaning higher oil prices. I was just watching an analyst on CNBC talking about buying tire companies.

The other thing I see is a significant chance of supply shocks. You have ISIS in Iraq, Ebola in Africa, Libya in anything but a peaceful place (civil war), and Russia with the Ukraine.

I think oil and oil stocks are a huge buy here. I am slectively buying good solid Canadian oil companies. The lower CDN $ vs. the greenback makes Canadian oil sales very lucrative.

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