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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 yitearpon Dec 13, 2017 4:57pm
207 Views
Post# 27151015

Yes, access to market is a factor

Yes, access to market is a factorfor Canuck O&P companies, dragging down share price. However, in Crescent Pointless' case the largest contributor to the share price destruction is management. Endless equity financings when they said they're not doing any, cutting dividend twice when they said they wouldn't, etc. They claim they are selling assets, no news about this while all other companies have no trouble selling assets. The market has had enough, punishing the company at every turn and deservedly so because of management's ineptitude. It's not rocket surgery, it's Scottie, dummy. This company has never had positive EPS, just pure garbage.        
Bullboard Posts