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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Veren Inc > Adaptive rehabilitation

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Comment by Grandcentralon Jul 28, 2021 9:21am

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Post# 33615882

RE:RE:RE:RE:Adaptive rehabilitation

Hedging is what gives a company a bottom line. Oil prices are rising = future hedges rising = profits rising.
40% hedged is an industry standard, and works best over the long term. The 40% hedged into the future likely equates to likely 60% of Q2 total net income - the remaining 60% is weighted even higher to profit.
Q2 was a good quarter - Q3 will be great - the math is there.
GLTA

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