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.

TSX:VRN - Post by User

Veren Inc

Bullboard Posts

Comment by rusty777on Oct 19, 2017 11:09am

71 Views

Post# 26831456

RE:anyone know if suxberger and gang took a pay cut ?

Hi Iownbmw

Yes Saxburg did take a pay cut - from just over 8 million a year to just over 4 million now - which means he is earning aboout 75% of what the ENTIRE TRUDEAU CABINET makes annually....for running the COUNTRY

I doubt that visiting the office will make any difference- clearly the BoD is happy with Saxberg's performance....or....it can't afford to pay the golden parachute package that would be required to let him go and it would also indicate that they didn't know what they were doing when they hired him - either way I suspect he is here to stay with the protection of the Board.

Cheers

Rusty

Bullboard Posts

Two micro-cap stocks with strong fundamentals