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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 GermanHermanon Jan 15, 2019 2:02pm
309 Views
Post# 29234995

Alternative to Monthly Dividend

Alternative to Monthly DividendAs a CPG shareholder going back to the $40/share days, and recently retired, my spirits have fallen with the drop in the share price and the dividend.  CPG dividends were a major element in my retirement plan, and what looked like a rosy retirement is now a stressful retirement.  I am not going to do a massive sell off my shares, as I believe that the worst is behind us now.  At the same time though, I need cash flow from my investments, so I will be creating my own "monthly dividend" by selling off a small percentage of my shares on a monthly basis, expecting that the new company strategy will result in increased share price over the next few years.  GLTA, and take the time to go to the Company's website and download the January Corporate Presentation.  It explains a lot.
Bullboard Posts