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 > Oil 84 bucks !!

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Comment by Bpultraon Oct 25, 2021 9:43am

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RE:RE:Oil 84 bucks !!

BigJoe778 wrote: Wait for the losses incurred due to hedging. I've seen this storybook before when oil prices were significantly higher than the company had forecast and based their projections about on. There's no doubt it's gonna move higher eventually with oil at $85 plus but I wouldn't bank on seeing $7 this week. It's possible but I certainly wouldn't bank on it.

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only a percentage of hedging will be out of the money ... what is also out of the money is anyone who shorted this they are in panic mode right now... and hence we see a nice up tick!!!

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