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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 Marty57on Jul 30, 2019 6:16pm
200 Views
Post# 29976978

RE:RE:Tough Crowd

RE:RE:Tough Crowd
I think you are exactly right harbro.  I expect CPG will trade sideways until they clean up the debt situation.  When will the debt be under control? my guess is 1 - 1.5 years.  Then it will be a matter of serious share buyback and dividend increases and both those should have big impact on share price.   Its been a long stretch ( 5 years now!) of tough sledding in the Cdn oil patch.  Long suffering shareholders badly need some good news, but I think more patience is required.
Who knows... if oil starts trading consistently higher, situation for CPG might dramatically improve quite quickly.  GLTA 
Bullboard Posts