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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 PUNJABIon Feb 08, 2022 8:58am
314 Views
Post# 34407909

FP/wire say Crescent Point mulls selling some assets

FP/wire say Crescent Point mulls selling some assetsCrescent Point Energy Corp (C:CPG)
Shares Issued 579,484,032
Last Close 2/7/2022 $8.34

Tuesday February 8 2022 - In the News

The Financial Post reports in its Tuesday, Feb. 8, edition that Crescent Point Energy is looking to sell some of its assets in Alberta and Saskatchewan that could fetch about $500-million, says an unnamed industry source and marketing documents. A Reuters dispatch to the Post reports that documents indicate Crescent Point is offering the assets for sale in three packages. Combined, the documents say the assets are estimated to have output near 10,554 barrels of oil equivalent per day. Crescent Point has retained National Bank Financial as its adviser on the planned sale, according to the marketing documents. Reuters reports that Crescent Point and National Bank did not immediately respond to e-mailed requests for comment. Reuters says that Crescent has been eyeing sales of non-core assets since it took over European oil major Shell's Kaybob Duvernay assets for $900-million in February last year. The Canadian oil sands company, which sold some conventional oil and gas producing assets in southeast Saskatchewan for $93-million in June, hiked its quarterly dividend by 50 per cent and announced up to $100-million in share repurchases in December.


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