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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 TheJakeMooreon Oct 03, 2018 1:32am
140 Views
Post# 28734998

Have..... Ya met Saturn Oil and Gas???

Have..... Ya met Saturn Oil and Gas???Putting this here because there appears to be a growing connection between the two companies. 

Saturn is poised to grow rapidly in the Viking oil field. While Crescent point is looking to sell Viking assets. 

Saturn is cashed up and has Prudential capital as backer should they want to take a bigger bite of land. Could see a shares + cash deal in Q1/2 of 2019 between Saturn and Crescent Point. 

My comments are related to a recent article from a few days ago with Saturn management. Where they acknowledged keen awareness of the CPG plans to sell Viking assets. 

Should Saturn hit their goals and acquire over 60 sections of land. They will be well on their way to a 150-200 million dollar market cap. Expectations are to have over 3500 bpoe in late 2019 for Saturn. So that estimate of 150-200 mil could be conservative!!

Buy Saturn and forget about it!!! 
Bullboard Posts