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 blade86caon Oct 21, 2015 8:31pm

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Post# 24214306

RE:RE:RE:After Year of Pain, OPEC Close to Halting U.S. Oil

IMO A lot of these companies will continue to operate at minimal to no profit to fulfill debt obligations because debt is so cheap right now .
When they day comes when interest rates in the US go up even 0.25% slight bit , that will really drop rig counts / shale oil production levels etc and give oil prices the needed boost. Sad part is I do not think rates are going up for another 2 years.

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