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.

TSX:VRN - Post by User

Veren Inc

Bullboard Posts

Comment by whodathunkiton Feb 24, 2017 7:01pm

134 Views

Post# 25891977

RE:CPG -More BAD News

juveballclub123 wrote:

Can CPG 38% produced natural gas make a comeback?
Weather warming crushed the market as winter has taken a holiday and spring temperatures has covered for falling production and record non- heat related demand.The structural issues for gas have not been solved but we have to get over this price collapse for a bit longer. The price crash in gas will lower production expectations prices going forward.

Not really. That's what hedges are for.

The Company also has a significant amount of its natural gas production hedged through 2019 at a weighted average price of CDN$2.92 per GJ.

In case you don't understand what that means, their price is locked in for (in their words) a significant amount of natural gas production up until the end of 2019, so, swings in price down or up won't impact them much.

The way you misrepresent information is incredible. I nominate you for the tool of the year.

Cheers.