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 > I must admit i'm a bit bewildered

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Comment by JohnnyDoeon Feb 09, 2022 6:00pm

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RE:I must admit i'm a bit bewildered

soundandfury wrote: About this news of cpg wanting to sell assets produceing 11,000 bpd............i see no need to do this given .......they are currently makeing huge free cash flow .......so what's the deal with this sale? I can only assume they want to make another aquisition in the duvernay.......repsol perhaps.......time will tell i guess

Sell assets at a high, pay off debt, grow the prod back organically with the shell assets

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