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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Comment by Vinnie3on Jun 17, 2018 5:05pm

158 Views

Post# 28183628

RE:RE:RE:RE:I think i got it- understanding CPG

They are hiding a negligent hadging scheme big time, a cover up. This is why you cant understand it, I do now and my heart sank when it took 20 minutes ox explaining to get through the initial inestors relations bull. They really made an extreme bad pladement of the options. Even if the price went down they are not as protected as you think. Its weird what they did.

Usually when you sell an option at $60 , you forced to sell at $60 even if the price is $80 and you still make minimal profit. But this is not what they did , they actually lose more when it goes uo big time. What a stupid stupid thing to do. And if the price goes down I am not sure they increase profitability,

THIS IS WHY THE PRICE IS LIKE THIS, HEDGES GONE CRAZY WITH CRAZY BETS
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Bullboard Posts

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