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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 Jonny2fingerson May 02, 2022 6:20pm
218 Views
Post# 34649344

RE:RE:RE:RE:RE:CRESENT POINT ENERGY

RE:RE:RE:RE:RE:CRESENT POINT ENERGY I feel your pain.  Not to the same extent though, fortunately.

The way I recall the Lightstream fiasco was that 1 bank out of (approx.) 10 refused to continue their loan (for lack of proper terminology) and that caused everything to implode.

I was always curious if that bank was involved in the later privatization of Lightstream......my guess it that it was.

My "pain" at that time was knowing how much money was there to have been made as the sector was just in the process of turning around at that time....the other companies that made it through that downturn did very well over the next few years.
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