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.

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Veren Inc

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Comment by oilyexecon Mar 09, 2018 12:18pm

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Post# 27691928

RE:Why does drop in oil price devestate share price immediately

Shorts don't believe in $60+ WTI price and sell the stock on high volume days. Watch them get killed in Q2 when we have a short squeeze and oil prices are moving higher. As I am always saying: "Ignore the noise and learn patience in an upside down marekt." I am betting on reversion to the mean, i.e. better pricing for Cdn oils. WTI/Edm par diff is down from $9 to $4 and WCS diff is shrinking. SK crude is priced higher than the same quality in N. Dakota - in spite of their new Bakken pipeline. The $Cdn is falling which means better netbacks for Canuck oils. Go figure.

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