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

Comment by goingtoberich9on Mar 15, 2020 3:21pm

79 Views

Post# 30810084

RE:RE:Review

Appreciate your fact-based posts.

If overnight oil moves up even a bit, we could see gap up in SP.

Moemoney42 wrote: "The company's proved plus probable (2P) NAV was $16.82 per share at year-end 2019, based on independent engineering escalated pricing, or $10.57 per share based on a flat pricing assumption of $55 (U.S.) per bbl WTI"

At the current share price of $1.35 there is extreme value and upside potential once the oil price stabalizes..!

At today's oil price of ~$33 USD CPG's NAV is still $6.35/share... 4.7X higher than Friday's close..!! If and when the oil price war is over and corona hysteria is behind us, this stock price (as it is now) will be RIDICULOUSLY UNDERVALUED..!!
I could see 500% upside when the above mentioned issues are behind us EASILY..! JMHO
Moe $$