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

Post by mercatoson Oct 27, 2017 10:17am

109 Views

Post# 26867720

Q3 is the past now....

Q4 is where we as investors need to start focusing on.

CPG took their impairment charge early ( usually taken in Q4) so I dont think that will be repeated in Q4 putting a drag on earnings.

Price of oil on avg $5 or more higher than Q3. Impact +100M to topline. If oil climbs and ends this year at $55 that will pull the avg up more with greater impact to top line.

The January Effect. Institutions/Funds in the US start buying names that they feel will grow. Especially if they have had a name like CPG on their books and sold for tax loss the year before.

The story is Q4 and 2018...I see this as a turning point in CPG.

Cheers

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