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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
Comment by calgamiltonon Jan 15, 2019 2:14pm
159 Views
Post# 29235093

RE:RE:Do Not Think We Will Set A New Low

RE:RE:Do Not Think We Will Set A New LowSelling assets and cutting dividends for debt reduction is never a bad thing. However, reinvesting our money back into CPG in the form of share buybacks is not in the best interest of shareholders. Dividends paid directly to shareholders could be re-invested anywhere in the equity or fixed income universe whereas share buybacks essentially take those dividends and buy CPG shares. Anyone who, over the past decade, had elected to invest their dividiends back into CPG has lost that money. In other words, there are far better places to invest than CPG and I take exception to the company using my money to buy back shares.
Bullboard Posts

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