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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Post by Macloud1on Dec 04, 2014 8:56pm

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Post# 23197764

Did anyone read the December presentation?

They have presold 60% of production in2014 above 93 us, 37% above 93 for 2015 , 21% of production above 91.50 us for 2016, and 4% of production above 90 for 2017. The oil crisis will be resolved some time in 2015 and CPG will prosper and probably be in a position to increase the dividend as they did in the 2008 crash. I love this company and I also have increased my position subtantially in the last couple of days. Really if you are gutsy you can margin this stock at 4.5% and above 9% dividend.

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