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

Bullboard Posts

Post by bumblebee99on Jun 18, 2018 5:36pm

183 Views

Post# 28188447

Back it it’s old ways

It seems firing Saxberg made no change whatsoever.

We are back at the levels where CPG dramatically underperforms oil prices.

We need a new, respected CEO from outside of the company as well as a new Chairman.

One thing I know for certain: if Saxberg was still in power, he would have bought RRX instead of BTE buying it. They have acreage in Duvernay and Viking assets, just like CPG.

Saxberg would have bought it with equity (as usual) and we would be down another 10% today. At least we can be thankful for that!

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