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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

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Comment by joemanon Sep 08, 2020 11:19am
140 Views
Post# 31520184

RE:PREMIER KENNEY STOP SENDING LEGAULT $13 BILLION EVERY YEAR

RE:PREMIER KENNEY STOP SENDING LEGAULT $13 BILLION EVERY YEARDear Lightoil123,
Alberta has by far the largest deficit of any province, when will it decide to act responsibly and finance expenditures with taxation?  Provincial Sales Taxes are a necessary evil, even the state of Texas has a state sales tax.  Alberta is spending like no tomorrow and has relied on energy windfalls.  Those days have ended.  American Shale Gas/Oil production has allowed the USA to become the worlds biggest petroleum producing country.   Albertas oil simply just cannot compete globally and while yes pipelines is a major contributing issue, it is beyond control of Alberta, environmental concerns mean nothing to most Albertans at this point.  Meanwhile Tesla and others are banking on an energy transformation which is happenng before us.  When Alberta starts acting responsibly which inevitably will be quite soon , Albertans will pay as much taxes or more than any other citizen and for years because Albertas deficit is completely out of control.  Years of relying on oil have damaged the Alberta economy.  Where is the money set aside to clean up the soon to be abandoned oil refineries? Where is the money set aside to clean up the soon to be abandoned oil wells?  Where is the money set aside to clean up the tailings ponds from the oilsands? Where is the money set aside to clean up the heavy metals accumulating in Lake Athabasca?  The truth is, that money was spent subsidizing zero sales tax and spending like money was growing on trees.  Edmonton sold EPCOR, Alberta sold off most of the assets like this that were built up during the Peter Lougheed era and the era before him.  What is left is an Alberta economy desperately addicted to oil and gas.  What you are looking for is a scapegoat, while I agree with you about the bad deal that Alberta gets from the federation (it's really bad), the rules were set out long ago and the federation punishes those that do not tax their citizens.  So while you're blaming Quebec it's unfortunate because you're actually off target.
Lightoil123 wrote: SABOTAGES QUEBEC NATURAL GAS IMPORTING OVER $2 BILLION Dear Premier Kenney, Legault Imports over $2 Billion Dollars of Natural Gas while SABOTAGING LOCAL QUEBC NATURAL GAS . This happens because you keep sending Legault over $13 Billion Dollars each year . The Quebec Economy has been Hard hit with a Triple Economic whammy ( a) Corona Virus (b) Legault Sabotaging Quebec Natural Gas Condensates (c) the Daily intrusion into the lives of Quebecers with more and more taxes and surtaxes and Unnecessary Regulations destroying there Spirit and WHY does this matter to Alberta because Legault will be asking next year for Much more Money , more than the $13 Billion Each year Alberta sends to Legault As the Qubec Economy suffers through a Major Triple Economic Hurricane ( all hands on Deck ) Legault says What me Worry why worry Alberta sends me over $13 Billion Dollars each year for FREE so no need to worry or Work At least 20% of Canadian Households have asked for Mortgage deferrals (which is half the amount of the USA Economy) where they practice a Business Economy ( which much less regulation ) and More Mortgage referrals are being requested Legault has Massive Regulations placed on top of Regulations, weighing Qubec Society down with Stifling unnecessary regulations to support his Green Socialist Agenda The Household debt comparison between USA --Canada (Household Debt to GDP Ratio ) in Canada it is 101% vs USA at 76% with much lower Housing Costs Air Canada, Via Rail and Bank of Montreal to name just a few have announced Major lay-offs in Quebec ( Montreal ) and many of these jobs may never return The Service sector in Qubec has been Hit dramatically closing Restaurants, bars, Hotels, Tourism, Travel , etc Big Changes are underway as the doubling of the Down payment to buy a House ( which will negatively affect many Home /Condo Builders ) ..which will see Big Problems soon Close to 7.5 Million Canadians are taking the Govt of Canada Benefit as they are OUT of work over 7 million Canadians out of WORK as BAD as the GREAT Depression Economists are predicting when the Mortgage Deferrals end approx. 20% of Canadians will not be able to keep there home ---No Job equals No House ( of course ) Our Canadian Economy is imploding at over 40% this quarter ( and some think for the next 2 quarters ) and Unemployment over 20% ( and all these Figures would also apply to Quebec ( if anything most likely worse ) Overall debt to Income is over 175% We are at an Economic Cliff for Jobs and a steady economy Many Economist are predicting Housing prices will DROP over 25% ( more so because people who do not have jobs cannot buy houses and cannot service Mortgage debt ) House prices will go DOWN Big Time Household DEBT now at 100% is expected to RISE to over 125 % (Depression era stuff ) Premier Kenney, you are witnessing firsthand a Crisis of Confidence with Legault as he ABUSES Equalization and Refuses to develop his own World Class Qubec Gaspe Natural Gas . The Legault Deceit, Treachery and Hypocrisy who Despises Western Oil, National Pipelines and SABOTAGING Quebec Natural Gas Light Oil but routinely allows for exceptions on a regular basis for Legaults Pet projects to be funded ( The Gaspe Cement plant putting out over 2 million Tones yearly of PetCOKE ) the Corrupt Double Standard. The First Nations and Qubec are not challenged by Trudeau when they act as Separate Nations. Legault has told Confederation and Trudeau that Federal Authority does NOT APPLY to Qubec and is Subordinate to Qubec Jurisdiction in terms of Interprovincial Cross Border Transportation /Pipelines through Quebec. 1. Last year Legault had a BUDGET SURPLUS of over $8 Billion Dollars --see Data below -Why are you sending Legault over $13 Billion Dollars each year of Alberta Money ? 2. The Diabolical acts by Legault to pander for his GREEN Religion to keep Qubec poorer in a Poverty Trap of a low income bracket to keep the Unnecessary Transfer payments is an Abuse of POWER . Qubec with its own Natural Gas and Oil will Generate Billions of Dollars yearly for the Quebec Treasury in New Taxes and Royalties and create over 50,000 New High paying jobs with More and more New taxesall SABOTAGED by Legault Why Work when we get over $13 Billion Dollars each year from Alberta ? . 3. The Legault Government have co-ordinated a Double Standard process to make the Qubec hydrocarbon permits worthless notwithstanding the very large Investments made in these permits at the Request and Regulations of the Qubec Government to explore and develop these permits, this is Commercial Fraud , Malfeasance and Theft . The Qubec Natural Gas Light Oil companies followed all the rules, laws, regulations, paid all the Rents , spent all the Hundreds of Millions of Dollars on Exploration and now Expropriation without Compensation 4. The ONLY Reason Legault can act as a BANANA Republic is regardless of his Bad Economic Behaviour Alberta keeps sending Legault over $13 Billion Dollars each year ---there are No Consequences for Legault in Sabotaging a National Pipeline and Sabotaging his own Prosperity 5. Legault unscrupulously Sabotages and prevents Quebec Natural Gas and light oil development in Quebec choosing instead Guaranteed Welfare from Alberta and then demands more Money for the economy which he has Sabotaged -- 6. A widespread Systemic Disinformation Campaign directed by the Qubec Government to its own Citizens that Oil and Natural Gas ( Fossil fuels ) are Bad and Dangerous and Only Electricity is Good ( * never explaining to its own Citizens that Co-Generation next door in Ontario provides Electricity through Clean Natural Gas ) 7. The ongoing Ultra Vires Malfeasance acts of the CAQ Govt in Sabotaging there own Qubec Resource Natural Gas Light Oil sector with Malfeasance and Double standards in order to prevent any Development choosing instead Equalization 8. Guaranteed Income of over $13 Billion Dollars per year in Equalization from Alberta. 9. The SABOTAGING by Legault of the Qubec Resources Natural Gas Light Oil sector which give the Qubec Govt $4 Billion Dollars in New taxes and Royalties each year and over 50,000 High paying jobs ---why Risk working when Legault wants the Guarantee of Alberta $13 Billion Dollars each year 10. The ongoing Duplicity and Betrayal by Qubec Politicians in Retroactively Expropriating Qubec Natural Gas Light Oil ( TSX ) companies while Financially supporting Foreign Natural Gas Foreign Oil /Refineries who GAME the Qubec TAX System and the Quebec Media and Legault remains Silent ! 11. The Quebec Government taking Hundreds of Millions of Dollars from Investors under False Pretences with Fraudulent Misrepresentation by the Qubec Government in actively Soliciting Investment with Breach of Trust with Deceptive and Corrupt Business practices while preventing any Commercial development of the Qubec Natural Gas Light Oil play ongoing since 2004 No development allowed but Pay us Rent 12. Acting in a Major Conflict of Interest against the very Resources Companies it Invited to invest large amounts of Money at the Request and urging of the Quebec Government AND who relied upon the Promises and Assurances of the Qubec Governmentthe Absolute Betrayal and Corrupt Conflict of Interest ! 13. Legault Refuses and SABOTAGES OVER $4 BILLION Dollars in New Taxes and Royalties and 50,000 new Jobs to appease his FAKE end of the World Green Religion ! Legaults Equalization policy is Machiavellian, he Sabotages his own Qubec Economy and then seeks more and more Equalization Money from Alberta because the Economy he has Sabotaged is poorer and needs Financial support . 14. Legault acts this way as there are ZERO consequences as regardless of his Delusional acts in Energy policy he still gets over $13 Billion Dollars each year from Alberta ! 15. EQUALIZATION now Needs to STOP since 1957 -- Alberta cannot stomach sending Equalization payments to Legault of over $13 Billion Dollars each year from there Natural Gas and Oil Industries while Legault Sabotages National Pipeline Projects , Sabotages Western Oil and Sabotages local Qubec Natural Gas light Oil while laughing all the way to the Bank ! 16. Legault wants Equalization for Eternity rather than develop his own World Class CONVENTIONAL RESOURCES ( Equalization was never Intended to be Permanent yet Qubec has collected Equalization since 1957every year and refuses to develop its own Resources ) why work DEVELOPING OUR Natural Gas Resources Condensates when ALBERTA keeps sending me $13 Billion Dollars each year for FREE .***** Legault is laughing at CONFEDERTION as he has a $8.3 Billion Dollars Surplus while Alberta has a $7 billion Dollars Deficit and Alberta still keeps sending Legault Money year after year.


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