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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 pinecone11on Dec 22, 2015 7:35pm
260 Views
Post# 24406516

RE:Goldman $20 Oil Prediction

RE:Goldman $20 Oil PredictionIt makes a great headline: Goldman Sachs, whose superspike $105 oil forecast of a decade ago proved prescient, is now suggesting oil could hit $20. An interesting side note: the earlier prediction caused many to accuse the firm of marketing its commodity index fund with its bullish forecast, but obviously such is not the case here. As is so often true, the reality is much more mundane. Goldman lowered its forecast for 2016 WTI to $45 from $57 while allowing the possibility of $20 oil, content much less alarming than what most people heard. Naturally, that lower number is what made headlines: business as usual isnt news, major change is. Most forecasters have learned that the most extreme scenario you describe is the one that gets the newsand that some will think is your actual prediction. https://www.forbes.com/sites/michaellynch/2015/09/14/goldman-sachs-sees-20-oil-really/
Bullboard Posts