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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Post by juvefooballclubon Jan 25, 2021 2:05pm

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Post# 32377156

The Pro's Worst tumblers

2 Oil Stocks That Could Drop to $0 in 2020

Christopher Liew, CFA | May 11, 2020 | More on: CPG BIR CPG

Watch for the Warning Signs Stock Market Prices Trends 3d Illustration — Image source: Getty Images

The negative sentiment on oil stocks is likely to carry on for months. There will be more losers than winners as capital flees from a sector that is showing minimal signs of rebounding. Canadian oil companies are no longer attractive as they were in previous years. Some might even be insolvent before this year is over.

The shares of Birchcliff Energy (TSX:BIR) and Crescent Point Energy (TSX:CPG)(NYSE:CPG) are trading below $4. Their year-to-date losses are 42.8% and 68.5%, respectively. It might come to the point that the prices of these oil stocks will drop to zero in 2021.