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 wallop13on Jan 21, 2016 10:34am

194 Views

Post# 24480320

RE:RE:RE:Dividend and production increases

Kaybob wrote: Their losses are adding up the net debt gain year over year is staggering (I know the LEG deal). They have done a great job with hedge and other but these will not hold. Face facts do it now, get ready to compete in every environment (without the hedge) and when we do get a recovery of any kind then excel.

But even at $46 WTI they have 2 billion cash flow without the hedge. The cost of the dividend and capex are about 1.5 billion.

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Cross border trading in Canada and Australia