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

Bullboard Posts

Post by CdnOilObserveron Apr 01, 2019 2:38pm

88 Views

Post# 29565239

We Need A Catalyst

Nov 7 - WTI @ $61.67 and CPG was at $6.05
April 1- WTI @ $61.56 and CPG is at $4.35 and struggling

1. Q1 2019 CPG results must meet or beat expecations
2. WTI must remain >$60 for remainder of 2019
- OPEC & Russia must maintain partnership
- Venezuela sactions need to remain in place
- US frackers must slow down

And in Canada we need a Conservative majoirty in the fall, to re-open the pipelines and get people back to work - this is the catalyst - we need to re-atract capital back into Canada and provide confidence to institutional investors.

Otherwise - what you see today is what you get, CPG will be range bound $3.80 to $4.60.

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