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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 marketsenseon Aug 01, 2017 11:57am
174 Views
Post# 26533682

Hated

HatedCPG is so hated now that it will only struggle going forward.  It 's being sold short on every
opportunity and can only stage the weakest of rallies.  The shorters have been in control so 
long that only $60+ oil is about all longs can hope for.  Mgmt has become totally irrelevent
and ineffectual in stemmming this trend.  They have 0 credibility in the market and that is 
not going to change unless they get thrown out.  Why this hasn't been done by now is a
tragedy for long investors and I don't see it happening any time soon.  The dynamic of this
company is a slow disaster that continues to unwind.    Eventually it will hit bottom but who
knows where that is?
Bullboard Posts