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 onward1on Dec 06, 2018 1:12am

116 Views

Post# 29073786

RE:RE:RE:RE:RE:Excellent Opportunity to Cut Cost and Re-direct Cash

They have had very long time to think about this, and the company isn't that small (enterprise value still north of $6 billion). C'mon man, it is weak excuse. CPG management has never made a good decision when it comes to managing the capital structure. They need to indicate to the market their stock is way undervalued and now that they are being forced to cut production, they have the room to do it.

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