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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 oakesyon Nov 15, 2018 3:18pm
143 Views
Post# 28982127

for those interested

for those interested

Interim Special Report on the Oil Sell-Off

By Goehring & Rozencwajg Team, November 15, 2018

Intro

Oil and oil-related equities collapsed this week, in what can only be described as extreme panic selling. WTI prices have fallen 30% since October 3rd, erasing all of the gains of the last twelve months. Brent prices have fallen 26% to reach the lowest levels since March. In our many years of writing, we have never issued an “Interim Special Report” but given the severity of the bearishness we felt it was appropriate.
 
Our models tell us that the market action over the past week has provided truly long-term contrarian investors with the potential buying opportunity of a lifetime. 
 
In today’s brief report, we would like to explain:
  • Why we believe oil prices have been weak.
  • Where the sell-off has left us today.
  • How we think the fundamentals will change over the next twelve months. 
It has been a very frustrating time, but the opportunity offered today is extreme, and all of our readers must properly understand the underlying supply and demand dynamics in order to properly decide how to proceed.

For the full report ;  gorozen.com  . They will email full report.

Bullboard Posts