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 patenright1on Jul 28, 2015 8:59pm

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Post# 23969750

RE:RE:RE:RE:RE:RE:Can someone explain....

what? no no, capx used to grow needs to be excluded from capx figure when calculating free cashflow NOT capx to maintain. I.e. CFO = 200M, capx = 300M but 100M is to increase production, thus capx used to calculate free cashflow is 200M and free cashflow = $0 not minus $100M

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