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 > Precipice of an epic rally

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Comment by CashHungryon Dec 06, 2021 9:34pm

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Post# 34204625

RE:RE:RE:RE:RE:Precipice of an epic rally

They needed to get their credit facility extended to 2025 which required them to lower their debt levels quickly and significantly leaving little or no room for an NCIB. Now that task has been accomplished they now have more flexibility to return cash to shareholders - although the credit facility's covenants will place some restrictions on what is possible.

Redfoxy wrote:
2. They dont like share price so they will " be using the existing facility in place on the TSX to buy back shares.." or something like that. Why the F*** did they not buy back the shares when it was hovering under $5 dollars? Time to turn the bullshite machine on again and put out more garbage.