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Veren Inc T.VRN

Alternate Symbol(s):  VRN

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

Comment by Redfoxyon Dec 15, 2021 11:30am
110 Views
Post# 34232912

RE:RE:RE:RE:Poof and like magic ...drops again!

RE:RE:RE:RE:Poof and like magic ...drops again!with all due respect an oil producer, like CPG, is not a pipeline compnay (like say Pembina or Enbridge) as the pipeline companies should be super stable with long term contracts that (to my knowledge) are not dependent on the price of oil.&nbsp; Correct me if I am wrong but I thought that the pipelines cnotract out or sell capacity to the oil producers and they are charged $x per barrel, regardless of the price of the barrel of oil.<br /> <br /> My pipeline companies have done really, really well and are stable long term predictable plays.&nbsp; Having said that I dont know why I keep playing with junk like CPG that has all the bad things going for them...high risks, depleting resources and high cost of barrel replacement.
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