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 djbon Jul 29, 2017 7:25pm

232 Views

Post# 26525717

RE:Let's Review

Hind sight is always 20/20.

If they hoarded cash for a rainy day back when oil was $90 they would have faced other criticisms.

Yes everyone in the oil patch has too much debt just like every Canadian citizen due to cheap money. Yes assets got written down, the market trades in a forward basis.

like the old saying goes, if I owe the bank $10,000 that is my problem if I owe the $3.8 billion it is their problem.

Sooner or later Iran and Saudi Arabia will somehow expand their proxy wars in the middle east and that will jolt the oil market higher.

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