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

Bullboard Posts

Comment by pppon May 18, 2018 11:29am

75 Views

Post# 28052560

RE:RE:Cost per flowing

Cardboard, it depends on what price you are getting for your oil.
Finding and development (F&D) costs of $18.56 per boe generated a recycle ratio of 1.6 times.

Yes if corporate Net backs are 28 dollars a bbl Q1 pricing aprox. you are only ahead by 10 dollars. But that changes big time as prices increase.

So if you think oil is headed down or staying flat this is not the company to own.

But if you think oil is headed to 80 90 this company makes sense because it has high net backs therefore. Lots of FCF. even with the hedges. This is when I would start to pay down debt and buy back shares if they are still trading at a discount to NAV

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