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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Post by oilyexecon Apr 27, 2018 7:16am

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Post# 27948717

CPG crude prices better than Permian & Eagle Ford

Yesterday WTI closed at $68.16US and SE Saskatchewan Light Sour Blend (LSB) was priced at $60.19US ($77CDN) while Permian (E. Texas Sour) @ $59.66US and Eagle Ford (S. Texas Sour) @ $58.53US. Even N. Dakota Bakken (Williston Sweet) @ $56.75US in spite of the new 500,000 bpd Dakota Access pipeline.

As per corp presentation, CPG does not have an egress problem. Oil sands may have the pipeline problem that everyone is buzzing about but CPG cash flows are benefitting greatly from increasing crude oil prices.

Kudos to CPG mgmt for being in the right place at the right time and strategically capitalizing on historical land and production acquisitions. You don't build a prodcution base of 186,000 boe/d with over 1 billion boe 2P reserves without having the best technical team in the patch.

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