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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
Post by blackaceon Mar 03, 2017 2:45pm
218 Views
Post# 25928846

Turning point is very near...

Turning point is very near...CPG and many other Canadian energy stocks have lagged the broader CDN and US markets for some time now as there has been and still is so much negative news and pressure on these stocks. CPG has had the CEO, share dilution, BAT and $40/barrel oil all working against it.  But guess what?  ALL of this STUFF is already baked into the current stock price, YES $40/barrel is where this stock is tracking, and at any moment the tide will turn and it will turn so drastically your head will spin and you will miss the boat.  Trust me, there is a line up of institutional investors who have this at the top of their watch lists waiting to pounce the moment oil breaks $55/barrel, and it WILL.  Saudi Arabia needs oil above $60/barrel for Aramco to succeed in early 2018, and it will get this price.  Any day now, S.A. will announce that they are removing an additional 1M barrels per day off the market and when this happens CPG will be $20 in three trading days.
Bullboard Posts