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

Comment by nwahsrmon Sep 05, 2018 7:39am

218 Views

Post# 28563869

RE:RE:RE:News.

Axing 17% of the workforce and looking to unload 50kbd with 1.3x debt to FFO as the target. Sounds like the do get it. Question is will the market give them a chance to execute...

I am interested to see whether they will get any questions during the cc...

In summary, I like the looks of the plan, perhaps a bit weak on specifics in a few places, and I feel the corner has been turned. Let’s see. Glta

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