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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
Comment by OptsyEagleon Jan 29, 2015 5:40pm
273 Views
Post# 23379583

RE:Good article about trying to safe the dividend

RE:Good article about trying to safe the dividendIn the short term all the executives will say they want to protect the dividend above all else. In CPG's case, if the stock stays where it is, they will. They will simply sell more stock, dilute the investors, but keep the dividend. The problem is that if oil prices stay where they are, as investor see the hedges start to expire, they will start to sell. As the stock price starts to go down and down, eventually management will see that protecting the dividend is not giving them the strong stock price it did before...and then they will cut it.
Bullboard Posts