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 bumblebee99on May 03, 2018 8:29pm

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Post# 27980202

Is the bloodshed over

Or will it continue to drop over the coming days and weeks?

I found today’s drop to be excessive, so I think we’re close to the bottom.

At some point, private equity has to take a look at this and do a buyout. It’s just too cheap.

Eliminate the dividend, reduce capex, sell off non-core assets, put in new management, and one could easily do a buyout at $16 a share and have plenty of cashflow to finance it. I don’t think current shareholders would mind selling for $16.

It will be very frustrating to see WTI to continue to make new highs and for CPG to continue sinking.

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