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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 Alpha72018on Feb 06, 2019 9:52am
75 Views
Post# 29325347

RE:Is Cation still in play?

RE:Is Cation still in play?Kizmit, don't beat yourself up on buying into the story... Everyone here also bought into the story at one point as we had confidence in their assets & were expecting a real change in management ( last year, I know I did, and went in heavy during that CATION/ booting SAXBERG ordeal as I truly believed everyone had had enough, and real change was on the horizon).

Being in the same boat (I have a cost avg of 10.75, so you're already in better shape than I), all I could do is watch and hope for either a miracle turnaround, or a hostile buyout were I would have a 50%+ loss... Mircales don't happen that often, so the latter in the most plausible scenario....Given I have no control, I could only now work my tail off FOR YEARS AHEAD TO GET BACK TO WHERE I WAS LAST YEAR to pay for my BIG mistake... My plan is to save as much cash as I can, wait for the next crash/recession to invest only in INDEX FUNDS throughout the bear market and vow never again to go in this heavy into a single stock...

We all make mistakes (hey, it could have gone the other way too, right?), but this was a big one...

Bullboard Posts