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 CdnOilObserveron Mar 14, 2019 10:42am

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Post# 29485013

RE:Could it be that XIU (TSX60) has completed

It is not so much XIU itself, but all the index mutual funds and pensions that may stipulate as part of their Investment Policies, that certain stocks must be included on the S&PTSX 60 Index - these pension funds and/or mutual funds, etc will be selling now - understandably, this doesnt happen all at once - it will take at least a month or more, so you will no doubt see resistance levels in the low $4.00's, then a period of consolidation. Hopefully, during this time the price of WTI maintains, and there are no serious market corrections...

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