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

Post by oilyexecon Mar 13, 2018 8:42am

197 Views

Post# 27705304

NCIB is Sax's next move

P/NAV = 0.35 ($8.56/$24.44 {Slide 6 corp presentation})

P/F&D = 0.46 (F&D cost = $18.56 Slide 6)

With Sax personally buying shares and NO insider selling YTD, wait for the buyback (NCIB - Normal Course Issuer Bid) announcement and the SP pops. 25% of 2018 CAPEX.

Bullboard Posts

Southern Ontario mineral processing operation receives green fund support