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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 Feb 23, 2018 12:34pm
184 Views
Post# 27610033

CPG stock still in the slammer

CPG stock still in the slammerSure, we've gone up a few percent in a few days, but WTI has gone up $4 in that timeframe, and the overall markets have gone up a lot too. We're just rising from a very low base. We should be making exaggerated moves now because we're so low, and I'm not seeing that, and it worries me.

What CPG needs to report is some material asset sales ($400 million or more) and they need to put all of that money directly towards debt. Debt needs to be brought down to under $2 billion before they should even think about raising the dividend.

I hope Saxberg doesn't try to increase production heavily again. The market is NOT rewarding that sort of behaviour any more.

I think he gets erect whenever he thinks about growing production. "Yeah, let's see another 10,000 barres, oh yeah baby, just a few more barrels".
Bullboard Posts