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 Johnnysbackon Feb 17, 2017 3:08pm

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Post# 25862897

RE:Shares in Crescent Point Energy Corp. surged on Friday

"Luke warm response" LOL thats a bit of an understatement. Weent the shares issued at $19.50?? It hasnt traded near that since.

bandarmashuroba wrote:
Shares in Crescent Point Energy Corp. surged on Friday following a report that the company had been targeted by an activist investor.

Crescent Point was up 5 per cent at $15.89 on the Toronto Stock Exchange. Its New York Stock Exchange-listed shares were up 5.3 per cent at $12.14 (U.S.).

According to Bloomberg, the investor news outlet DealReporter reported that a U.S.-based activist investor was building a stake in the oil company that concentrates on Canadian and U.S. Bakken oil, citing three unnamed sources.

Crescent Point shares have been under pressure since September when the company issued $650-million (Canadian) in stock to beef up capital spending. The issue was met with lukewarm response by investors, some of whom criticized the dilution.

As 2016 drew to a close, Crescent Point had recovered somewhat, but the stock has fallen sharply again in 2017.

Crescent Point officials were not immediately available for comment.