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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

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Comment by pppon May 10, 2018 12:07pm
93 Views
Post# 28012070

RE:Hedges not the problem

RE:Hedges not the problemIt all depends on the oil price.  The CEO is an optomist. while protecting hiss a$$ with hedgeing. Just imagine the CF at  80 WTI next year. Based on the hedges for 19. Even Q 1 to now the oil price increased 10 dollars canadian, that's 700,000 a day on 50% of the production rest being hedged. now move into 19 when hedges roll off or are at a higher price. At 80 dollars these guys could make an extra 2 mil a day on their production all going to the bottom line. 

Time will tell if our CEO is a hero or a zero. 
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