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 tvstockon Nov 02, 2018 7:26pm

257 Views

Post# 28917771

RE:Brian Acker on bnn.

https://www.crescentpointenergy.com/sites/default/files/cpg_q3_2018_mda_fs_-_final.pdf

P 10 "Impairment test of goodwill"

"As a result of these tests, the Company concluded that the estimated recoverable amounts exceeded the carrying amounts and no impairments were recorded."

He is clueless.

Even CPG use the much lower 2017 December set of oilprice to test the goodwill, there is no "goodwill" impairment. As long as oil price is above that rather low assumption, basically there cannot be any no goodwill impairment.

Only if WCS stays low for long thereMAY be some impairment charges, but that is not related to CPG's acquistion; and CPG is not a WCS focused producer.

END.

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Two micro-cap stocks with strong fundamentals