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.

TSX:VRN - Post by User

Veren Inc > RBC 8$ PT now. still too low imo

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Comment by Moemoney42on Oct 18, 2021 9:40am

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Post# 34017411

RE:RE:RE:RE:RE:RBC 8$ PT now. still too low imo

Key word this is in CDN $$

LiquidOctopusV2 wrote: WCS at $80 was what Eric Nuttall said in the Tweet in the link below: https://twitter.com/ericnuttall/status/1445018892410236931

"Western Canadian Select (Canada's heavy oil benchmark) is now trading at $82CAD/bbl...a 7 year high! What has the S&P/TSX Capped Energy Index done over that time? Down 42%. Time for a re-rating???"

BigJoe778 wrote: Where are you seeing $80/bbl for WCS? I'm seeing that it just broke $70/bbl overnight. No doubt in my mind that this will reach $8 eventually with oil at these prices however it will require many of the large pension funds and hedge funds to return with their $$ before it ever sees $10 plus imo. Let's not forget a lot of those big pension funds are shifting their investments to green energy. I'm not saying they won't return but until they do I don't think we'll see the increase that many are expecting.