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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 Marty57on Mar 02, 2022 4:10pm
253 Views
Post# 34476565

RE:Not Very Strategic. The Energy Report 03/02/2022

RE:Not Very Strategic. The Energy Report 03/02/2022
Good article by Phil Flynn.  Thanks for posting.
One thing he mentioned ( and that many others bring up) is that Europe made a big mistake becoming overly dependent on oil and gas from Russia.  That appears to be true based on the way things have played out in Ukraine, but I have a different view.  In a sane world, Russia should be treating the European customers as a prized market that they should do everything to maintain.  Where in the world would Russia find a better market for their resources than the population dense and  rich nations of central and western Europe.  Conversely, Europe obviously needs oil and gas and what better source than Russia (politics aside).  The win/win in this arrangement between Russia and Europe seems blindingly obvious, and both sides should be doing everything they can to nurture and further develop the relationship IMHO.  To throw out all the gains that are possible with Eurpoe/Russia relations over a dubious land grab in Ukraine seems totally insane.
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