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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 20, 2016 9:17am
406 Views
Post# 24475806

Cost cutting, layoffs, salaries, benefits, dividend cut.....

Cost cutting, layoffs, salaries, benefits, dividend cut.....It is a for-sure that CPG will have to cut its dividend again.....but in the meantime there has been zero cuts to staff.  No layoffs, no salary roll backs, no benefit loss.  So CPG has done an excellent job of cutting costs and cutting vendors down to the bone yet they continue to leave one of the biggest costs they have (G&A) more or less untouched.  Their next step is to cut shareholders again with a dividend cut or elimination.  How about looking internal before you hit shareholders again.  There is so much fat at both the field level and at head office.  Make a move.
Bullboard Posts