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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 DaveInvestor59on Jun 17, 2021 11:19am
114 Views
Post# 33402941

RE:Patience - Lots of Patience

RE:Patience - Lots of PatienceThank you CdnOilObserver. That was a great analysis and useful information to explain some of the huge moves down today in the energy sector names. Tamarack Valley is another one that's moving down exponentially the last few days, and numerous other names have been sideways and down, such as Keyera, even when the price of oil has only been slightly down these past few days. It makes me wonder if I should be getting out of some of these stocks now because maybe they've hit their peak SP for awhile and are just going to continue trading sideways or down. Maybe US energy stocks are a better investment at the moment. I think it will be awhile before dividends are returned to shareholders. If these oil prices stay high and profits continue to accumulate, hopefully energy companies such as Crescent Point and Vermilion will start paying dividends after the next quarterly reporting.
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