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.

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Veren Inc

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Comment by LoneWolf3579on Mar 13, 2020 4:43pm

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Post# 30805997

RE:RE:Why the sudden buying?

Anschutz...personally I think this was one of the only tools left in the Bank of Canada's limited hands, however, lowering of stress test is also another. Dont know if that will be helpful...personally I am not in favour. We need a balanced approach.
As for reason, I agree with you that it is the BOC rate cut, but at the same time I am not so sure on the explosion of COVID-19. I think despite all the panic 98% or more recover from this virus without any medication or vaccine. And from what one of the posters mentioned a vaccine is close to completion...however...timing is a bit suspect.......;)

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