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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

Post by soundandfuryon Feb 07, 2022 5:27pm
407 Views
Post# 34406511

Re: rumoured asset sale

Re: rumoured asset saleWe all know that these sort of asset sales are done not only to get cash.......but to reduce asset retirement obligations.........the last one was a good example ......they almost give the production away for free and in return they also throw in hundreds on millions in asset retirement liabilities........the last sale to saturn eliminated 25% of cpg ARO.........i expect much the same sort of deal with these marketings..........not sure why they bother with this sort of thing except they get a cleaner balance sheet if some big company was looking to buy cpg.........must be horrible assets if they wanna get rid of them at these oil prices.....imo
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