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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 Fundipon Dec 13, 2017 9:43am
176 Views
Post# 27145438

Not looking good

Not looking goodWith oil almost at $60, Crescent Point is trading at distressed levels. Clearly the market believes this company has no future due to the poor management. I think the best case scenario right now would be for themselves to hire an investment bank and try to sell themselves. We could probably get $16-18 a share if the assets were either sold of piecemeal or if the whole company was sold to a strategic buyer.
Bullboard Posts