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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 Soyousayon Dec 14, 2018 10:07am
151 Views
Post# 29115394

SP behavior is turning...

SP behavior is turning...Over the last few trading sessions, CPG has been one of the few stronger closers relative to other Canadian and US peers.   It's as if its swapped heads with CRC and DNR.   I'm guessing this has a bit to do with Notely's announcement, tax loss selling winding down, decent hedges for Q4, potenial for sale of assets w/ all bids due yesterday I believe, dividend being safe.  These are the knowns.  The unknowns are whether CPG will announce a stock buy-back, reduced capex for 2019, and what other progress they're making on the next quarterly call.   I do believe that the SP behavior is signalling that a jump in WTI to the 60s will take CPG up significantly...more so than peers.
Bullboard Posts