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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 Mar 08, 2019 10:04am
45 Views
Post# 29460592

RE:RBC Target price $6.00

RE:RBC Target price $6.00$6.00? It's all BS to me as targets are NEVER on par. There are so many headwinds in the Canadian energy space that only a huge catalyst (war disrupting oil world supply, etc) can help... What's worse is that even we wouldn't even be able to participate given our lack of pipelines... We are so screwed on so many levels (i.e. political, infrastructure, people's mindset towards oil, capital leaving Canada at increased pace which will take a while before ever returning, etc), so patience is at years away if everythinbg goes our way (not likely) and potentially 5-10 years if the Libs are re-elected as they will only be voted out once people feel the pain (huge recession, etc) only then does the rebuilding/mindset change begin... I don't see any positive outcome in the short term for sure. People have lost so much in the Canadian Energy Space (retirements accounts, etc) and things won't change overnight.         
Bullboard Posts