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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 ascii2on Jan 18, 2019 9:18pm
89 Views
Post# 29254509

RE:RE:90% Down - Worst Oil Company in Canada

RE:RE:90% Down - Worst Oil Company in CanadaSteveC123 seems like a paid poster. It reminds me of making 1000 dollars by spending 1 million dollars and taking credit for it. What about trust in the management?
They have no skin in the game (own less than 1% ???)
compensation is too high compared to their worst ever performance of plan
Golden parashuts for themselves
Now SEDI says they are reserving themselves 1 million performance based shares???  that too just before the news release??
They must show some leadership and reduce their comensation voluntarily.
Add 3-4 outside expertise to board of directors instead of old/recycled board members who could not execute earlier plans,.
Bullboard Posts