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

Post by tuckerjmon May 30, 2018 12:15pm

191 Views

Post# 28099676

What is next?

The Board will be watching the share price over the next 30-60 days, and if it does not recover substantially I think the next press release will say they have hired an investment banking firm to explore strategic alternatives which may include an outright sale of the company.

They would need the invesment banking firm to help determine a reasonable value for the company and to solicit bids from interested parties.

But If the company executes and the shares rally, they will maintain the status quo and eventually seek a permanent CEO, very likely an outsider to run the company.

Bullboard Posts

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