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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 Kaybobon Aug 19, 2015 10:37am
274 Views
Post# 24031244

RE:RE:Many are panicking here

RE:RE:Many are panicking hereThis company has perplexed me for years but you can't deny these guys have built a monster.  I have heard all the negatives of a legal ponzi scheme of just issuing new shares to pay the dividends and cap ex of the current holders but you can't deny whatever they have done has worked -agree with the method or not.  This share drop is due to one thing and one thing only....the price of oil which Saxberg or anyone at CPG cannot control.  Pick the oil bottom and you have picked the bottom for CPG.
Bullboard Posts