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 Kaybobon Sep 23, 2016 9:25pm

162 Views

Post# 25272864

RE:RE:Some Challenges Ahead

they dont like the cardium so it would just be the Sask Bakken assets. They added $650m but not to buy anything. They are losing money with the hedges still in place. What about when the year rolls over and the hedges come off?? They are already at the top for debt...so I doubt they would add to their bloated debt. If they buy LTS bakken assets then they will have to go to the market. Is there a brick wall going up?

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