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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 Apr 03, 2019 12:42pm
76 Views
Post# 29576723

RE:RE:RE:RE:RE:RE:RE:Cas flow estimate 2019.......2.2 billion

RE:RE:RE:RE:RE:RE:RE:Cas flow estimate 2019.......2.2 billionI would agree that we need a new Federal government to breath some life into the Canadian Energy Sector - it's dying.  

CPG Senior Management needs to control the head office and non-production related expenses, Directors must tie bonues to share price, and set a reasonable high water mark, or they wont be incented.  CPG management must execute on share buy backs at these stupidly low prices.  7% NCIB is just a drop in the bucket.  They also of course must demonstrated debt paydown.   I seriously selling Canadian assets in this current market is a good strategy given the flight of capital from Canada.

They need to hit performance out of the ballpark, if they don't, then the stock price will be hammered merciless.  I still see support in the $3.50 to $3.80 range on this stock.  $60WTI no longer matters - management needs to get institutional support onside.

If the Saudi report on their major oil field is true, and if the US frackers slow down, and nothing happens in Venezuela, I would expect some stink take over bids later in the year for CPG and similar companies.
Bullboard Posts