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

Bullboard Posts

Comment by oilyexecon Mar 16, 2018 11:08am

128 Views

Post# 27727384

RE:RE:FUNDAMETALS ARE IMPORTANT

If refineries want heavy oil, then why are they paying $63/bbl ($2/bbl more than WTI) for 50' API oil?

And, why is WCS going for $34US/bbl? I'm sure glad that CPG has mostly light oil and they are east of the pieline bottlenecks. The Dakota Express has definitely helped their netbacks.

Read their corp presentation - you might learn a ton of things.

The average Permian field decline is more like 30%/annum - just like the Bakken and the Eagle Ford. Check out CPG individual, new well, HZ, fracture stimulated, light, tight declines - Year 1 = 70% shallowing out to 10% after 5 years

If fundamentals are so important, it would get you guys up to speed with the rest of the board if you did a little homework rather than waving your arms.

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