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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 patenright1on Aug 12, 2015 9:32pm
267 Views
Post# 24013362

RE:Positive Move

RE:Positive Movewow - this surprised me some, everything I wanted but no buy back. bigger cut than I thought at 57%, thought 40-50%. love the drip elimination . good job saxberg and BOD for doing the right thing. Have to think market has discounted this cut and stock should go up tomorrow as shorts cover who were in this short until a div cut happened which it just did. wcp has a 6% yield so that is $20 stock price for cpg. stock will likely be in a holding range now of 18-22 until oil can rise and get back to 60-70 and then cpg would be around $30 so still a very good risk reward ratio here and while you wait get paid 6-7% yield for a great company with very little leverage.
Bullboard Posts