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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

Bullboard Posts
Post by Vinnie3on Jun 16, 2018 9:22pm
193 Views
Post# 28182394

I think i got it- understanding CPG

I think i got it- understanding CPGThe company hedged the company with the stupidest options you could find. Plus they invested to expand just to expand, for the bonuses. The stock price is still down even though the management is changing. Its the hedging in which they were grossly negligent, imagine their option structure is that they actually lose money increasingly as the price of oil goes up, instead of having a ceiling there and a balance for extreme ranges of price both ways. A few 3 way collars but not even close to enough. Stupid unexcusable betting and now the company is stuck in quicksand with one overflowing dirty semened junkie stick still standing and inching up the most beautiful brown orifices in the betting parlour called 'dirty criminal psychopathic greed'.
Bullboard Posts