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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 Sep 02, 2015 9:52am
101 Views
Post# 24071240

RE:RE:RE:RE:RE:Layoffs

RE:RE:RE:RE:RE:LayoffsWage cuts, layoffs, cut in benefits all have to be part of this.  The simple fact that their activity level is way down as far as tying up new land, drilling etc. etc means there must be too many people.  You cant tell me you can get rid of some people and then cut salaries.  The benefits at CPG are unreal and they need to at least get to real.  We have been talking like this for months not just since the PW and others have announced.  Time for Calgary to get real.

BTW we are not talking about Canadian Tire wages we are talking about something real for a well qualified person to do the job.  Every roughneck driving a $90K truck and his wife driving a Escalade is not real kind of real.


Bullboard Posts