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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
Post by Kaybobon Jan 13, 2016 9:59am
215 Views
Post# 24453414

You have to hand it to CPG

You have to hand it to CPGTheir handling of lower prices has been very very well done as really all that matters is the value of their stock.  Sure RRX and WCP have done better during this downturn (and I am sure there are others) but CPG trading at $13ish is a big big win, given the times.  The difference between CPG and RRX or a WCP is that CPG needs its hedge and unless I am mistaken RRX and WCP are not even discussing a hedge in what makes them so great.  Their companies are built for doing good at lower prices.  This is good long term stuff.  What happens with CPG after the hedge goes away.  That has a date on it.  Anyways good for CPG.
Bullboard Posts