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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 Freefall222on Jul 14, 2017 3:35pm
163 Views
Post# 26470860

RE:Corporate Arrogance

RE:Corporate ArroganceI completely agree, all staff is stll getting full bonuses which have always been double the industry standard and extra perks continue to happen such as yoga classes, free breakfasts. And their corporate structure is ridiculous when times were good they promoted so many managers to directors that now they have employees who report to team leads who report to managers to directors to Vice Presidents, I think they definitely have to look at layoffs and restructuring so they start giving investors confidence in them. I am heavily invested in their shares when prices were 35+ so I definitely want to see them get out before drowning and start to add value so investors want a piece of the pie.

On a side note, until Notley and Trudeau are gone and oil prices are above $55 I don't see CPG going anywhere past the $12 mark.
Bullboard Posts