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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 JDavis17on Apr 24, 2018 7:59am
322 Views
Post# 27930627

And you are voting for Cation? Are you nuts?

And you are voting for Cation? Are you nuts?

Crescent Point Energy Corp. (CPG) gained 42 cents to $11.21 on 6.2 million shares, after its dissident shareholder, Sandy Edmonstone, enjoyed a few minutes of airtime on BNN. Mr. Edmonstone, who bought most of his Crescent Point shares in the last six months, attempted to demonstrate a deep familiarity with Crescent Point, mentioning in the BNN interview that he has been involved with the company for 15 years. These years include his time working with the oil and gas group at Macquarie Capital Markets. Mr. Edmonstone was then prompted to confess that he was involved in Crescent Point's $650-million prospectus offering at $19.30 in 2016, a financing that he is now complaining about as a dissident. In the interview, Mr. Edmonstone reasoned that Macquarie was added as an underwriter at the last minute and therefore did not have enough time to properly evaluate the financing terms. Nonetheless, it received a 4-per-cent cash commission. Macquarie was one of 16 underwriters for the offering.

 
Bullboard Posts