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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
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Comment by Alpha72018on Mar 06, 2020 2:30pm
60 Views
Post# 30776700

RE:It's great opportunity to reduce share count

RE:It's great opportunity to reduce share countThe best option at this time imho is for the company to hold on to $ at this time, forget the NCIB at this time till things get better...

There's no logic anymore given what happened today... Everyone could have gone home happy setting a reasonable price floor...

But Russia chose to screw everyone and the expense of their budget (and everyone else's), and that's dangerous given they know what happened last time everyone pumped at will...

Imho, things can only get worse in the short term given the squabble between Russia, OPEC, CoronaVirus, etc... It's a high stakes game of poker. What will SA/OPEC do now? Anything could happen moving forward so why spend $ on hand?

 


Bullboard Posts
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