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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 CdnOilObserveron Mar 14, 2019 10:37am
98 Views
Post# 29484974

RE:On the road to 60$ wti sooner the better

RE:On the road to 60$ wti sooner the better CPG.TO is at $4.00 - down $0.06.  Oil - WTI is up, $58.57. 

Whether WTI hits $60, you still won't see CPG hit $5.00 - there is too much selling pressure - resistance is low $4.00's - Management need to show that the changes they have under taken are being implemented, debt must come down, NCIB must be happening... head office expenses must be reigned in, they need to be more nimble.  And really, they need to get some air time on BNN, or a road show to promote the company.  Institutional will be selling: pension funds, mutual funds, etc.  They need to get ahead of this and stop the selling.
Bullboard Posts