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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
Comment by bumblebee99on Jun 29, 2018 3:57pm
89 Views
Post# 28253716

RE:RE:RE:Might Finish In The Red

RE:RE:RE:Might Finish In The Red
oilyexec wrote:
so bumblebee, are you still holding CPG like me? Your great wisdom suggests that we are not very smart. I'm glad that I sold 80% at $10.44 a while back but that other 20% is still painful when MEG, ATH, CVE and even CNQ are leaving CPG far behind in the dust. Glad I bought them when I dumped CPG.

With an annual decline of 50,000 bopd, can CPG ever show any growth?


I agree, I’m quite the idiot for continuing to hold this sh1t sandwich. I’ve lost more on this stock than most people will earn in a lifetime. My worst investing mistake.

CPG could do well if it eliminated the dividend and used all the funds towards paying down debt. They should also fire half their execs, as well as 10-20% of employees and lower their costs.

Bullboard Posts