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 BlueCollar51on Jul 22, 2015 12:57pm

190 Views

Post# 23949244

RE:exchange rate

pujdo40 wrote: Crude oil is priced and sold in American dollar so when crude was 100$ per barrel Canadian dollar was equal to American so now oil is 50 dollar but exchange rate is 77cents American = 1 $ Canadian so price of oil in Canadian dollar is 50/0.77 =64.93 So really Canadian producer oil is really 65$ so when you look at it tat way doesn't look overly bad

Unfortunately it’s not quite as simple as that. The WTI/WCS differential is a very important part of the equation and it has been increasing lately.

					\|			Average
		7/21/15			\|	7/21/14	14/15	Price
Crude Oil		Close	Change		\|	Close	Change	YTD
		—————-	————			————–	————	————–
Synthetic Crude	($C/bbl)	63.33	-15	¢	\|	107.15	-43.82	66.25
Edmonton Mixed Sweet	($C/bbl)	58.79	-1.12		\|	0.00	58.79	61.18
Western Canada Select	($C/bbl)	45.18	1.50		\|	85.99	-40.81	51.30
Edmonton Condensate	($C/bbl)	63.98	-48	¢	\|	0.00	63.98	62.82
Differential (WTI/WCS)	($C/bbl)	20.09	-1.33		\|	26.31	-6.22	14.66
Differential (WTI/Synthetic)	($C/bbl)	1.94	32	¢	\|	5.15	-3.21	-0.85
					\|
WTI Cushing Spot	($US/bbl)	50.36	21	¢	\|	104.59	-54.23	53.15
NYMEX WTI Aug15	($US/bbl)	50.36	21	¢	\|	104.59	-54.23	53.23
NYMEX WTI 12 Month Strip	($US/bbl)	53.16	48	¢	\|	99.19	-46.03	57.08
NYMEX WTI 2016 Strip	($US/bbl)	55.24	55	¢	\|	96.02	-40.78	60.43
ICE Brent Sep15	($US/bbl)	57.04	39	¢	\|	107.68	-50.64	59.34