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 > We are clearly in an oil bull market

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Comment by LiquidOctopusV2on May 08, 2022 8:33am

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Post# 34665235

RE:RE:RE:RE:We are clearly in an oil bull market

The current management is stable as a table. They do not screw the pooch and they are delivering on everything they said they would.

I would, however, like to see them draw down the hedges more rapidly. But, they've been transparent about the hedging policy, so it's not like I wasn't warned. Maybe a year ago or more, I even liked the hedges.