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 > Ovintiv Inc

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Comment by not4anymoreon Nov 12, 2021 3:19pm

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Post# 34121196

RE:Ovintiv Inc

Ovintiv sold their Duvernay interests, probably to PetroChina. It is a big swack of land. Given that is true, PetroChina is probably CPG's partner. CPG agreed to complete 16 wells for a consideration that was not disclosed. Assuming a CPG/PetroChina deal, CPG likely has options on a significant portion, if not all of the original Ovintiv lands.
Do your own DD.

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