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 Fundipon Dec 14, 2017 5:11pm

102 Views

Post# 27159956

RE:RE:RE:Where?

barneyj44 wrote:
we need some M and A in the sector to get some confidence back , I'm surprised it hasn't picked up, cheaper to buy proven barrels than to explore.....

The main reason is due to one word: funding.

Banks are not providing very much funding for M&A, and investors have no appetite for secondaries. There have been a few here and there, but not much and I'm glad!

The more funding that banks provide, the more the idiot oil yahoo's will spend on drilling.

Bullboard Posts

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