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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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Post by Moemoney42on Dec 17, 2020 1:23pm
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Post# 32129311

Someone

Someonementioned earlier that the last time WTI was trading around $50, CPG was ~$6/share... now given the fact that they've cleaned up the balance sheet even more, brought back ~ 20,000 bls/day of shut in production and the oil price on an upswing, would it not be reasonable to see a $4.25 handle before any serious resistance is encountered.. although the level its at now ~ $3.10 seems to be resisitance, CPG could break to the upside without notice and quickly.. ;-)
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