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

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Post by Barkison Jan 24, 2022 10:01am

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Post# 34352025

Hedge Book / Gas vs Oil Price

CPG seems to have half it's oil hedged at around this price level.

Over the course of the year I do not think it will make that much difference if oil averages $80 or $90
due to the hedge.

Natural gas is looking OK. Going to be a cold back end of winter. Great Lakes should freeze over quite bit over the next couple weeks. Less protection for Northeast from the cold shots. I do not
think CPG has any gas hedged right now.

Looks like there should be serious propane shortages also if the cold keeps coming.

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