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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

Comment by Marty57on Feb 09, 2021 2:49pm
99 Views
Post# 32515440

RE:RE:CPG should Do What PRECISION DRILLING did.

RE:RE:CPG should Do What PRECISION DRILLING did.
Bridge, I agree that paying down debt is the #1 priority and the great majority if FCF should go to paying off debt.  But if prices hold up where they are now, then FCF for 2021 should be somewhere above $400 million I think.  Maybe hiving off some of that cash flow to reward us long suffering shareholders is timely now, and does not greatly affect the debt reduction goal.  One can hope! 
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