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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 Moemoney42on Mar 20, 2022 1:45pm
241 Views
Post# 34529669

RE:Undervalued

RE:Undervalued Quote:

"Another thing , cash is king and I really dont like us buying back shares and rather see us use that money towards R&D or developing other wells or ... anyway something else. What do you guys think ? I really do see something special in the next 9 months for this company. Who knows , maybe another acquisition? "

I wouldn't be surprised to hear CPG pick up more acreage in and around the Kaybob assets.. I recall another company looking to divest in that area (can't remember who, but I think it was Repsol??) but with the recent offer of disposing of some non-core assets I'm sure they're looking at investing those dollars in a more profitable area like Kaybob..? 

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