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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 cenderon Jan 29, 2016 5:36pm
260 Views
Post# 24507415

RE:Thinking about jumping in....

RE:Thinking about jumping in....debt is very high but they have some of the best properties ,netbacks in the biz ... I am waiting for them to cut the divy completely here as right now their revenue per year is about half the total debt which is alarming .  If we have sub 40 oil for even 6 more months this stock will come under immense pressure and could see new lows , if oil proceeds quickly up to 50 this stock will climb rapidly back to $30 ...so place your bets now or wait a bit .
Bullboard Posts