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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 Kaybobon May 29, 2017 10:37pm
150 Views
Post# 26298569

RE:ASK YOURSELF A QUESTION

RE:ASK YOURSELF A QUESTIONActually management did do a great job building a monster during the good times.  The direction of growing at all cost has hurt them now.  Another placement is out of the question so they are getting squeezed btw that rock and something hard.  I realize with a public company allowing production to drop is bad optics but the amount of drilling that has to take place just to maintain production is a bit worrisome.  CPG does not have the best assets in the industry but they do a great job of keeping costs down (not G&A but everything else).  There are many good things about CPG but the future is not guaranteed.  If oil prices don't go up signicantly CPG's stock price will continue to slide....in my opinion...of course.
Bullboard Posts