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

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Comment by bumblebee99on May 03, 2018 6:42pm

160 Views

Post# 27979793

RE:RE:Don’t understand the hit today

Luckyeleven wrote:
The issue was the spending by the company. At what point are they going to start showing some profits instead of chasing every barrel. It's not like they are debt free and the company just pushes the envelope to the max. There was no need for the extra spending in Q1 and the market punished them for it.

What extra spending are you referring to? They were under budget.

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