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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

Post by DaveInvestor59on Jul 16, 2021 11:17am
186 Views
Post# 33559468

Ridiculous sell-off

Ridiculous sell-offWho wants to invest more money in a sector that is behaving ridiculously right now. All the energy stocks are going down in big numbers every day, and the stocks are not reflecting the price of WTI. I wouldn't dare put more money into such an unpredictable sector right now that isn't following fundamentals at all. That's like throwing good money after bad. When I see stability happen again I might consider it, but right now in my opinion all bets are off and you can't count on anything when it comes to energy stocks. I wish I wasn't invested so heavily in it right now.
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