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 Aug 01, 2015 3:13pm

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Post# 23982887

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Homework time

When it comes to stocks, it is all about what is the current price discounting and if that happens, there is little downside, but if it doesn't, then there is much more upside which results in a very good risk reward ratio which I think CPG has right here, ie.stock goes to 30-40 range in mid to late 2016 if not sooner with oil back in 70s for a 70-80% gain, vs say 15-20 range or a 10-15% loss with oil staying around 45-50. Even if using an equal probability of each scenario, risk reward is very favorable with an expected price of $26.2 ( 50% x $35 ( mid pt 30-40) + 50% x 17.5 (mid pt 15-20) for a 30% gain.

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