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 Kaybobon Sep 29, 2015 10:09am

107 Views

Post# 24144535

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Wage rollbacks, layoffs, cuts to benefits

no but I know lots of people that work there and I know the assets.

I respect your genuine concern for the employees but business is business. Costs must be cut in order to be profitable in an environment like this that appears to be here for a while. CPG continues to cut the vendors now its time to look inside. Survival mode and 2016 is just around the corner and the great hedges will be gone soon.

I am a business owner and do not take staffing levels lightly.

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