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

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Comment by yaymakemoneyon Jan 16, 2019 11:10am

60 Views

Post# 29239494

RE:RE:The incompetence continues

The dividend was moronic. Debt reduction and share buybacks should be the first priority. Clearly, investors didn't put much value on the dividend, which is why the stock was collapsing for the past few years.

A stable, mature company that has a strong balance sheet should pay a dividend. Not one like CPG which has $4 billion in debt, a plummeting stock price, and zero credibility with the investment community.

A dividend is nonsensical for CPG at this stage.

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