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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.


TSX:VRN - Post by User

Veren Inc > Will biden impliment a windfall tax on oil companies
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Comment by BigJakeon Jun 09, 2022 4:59pm
167 Views
Post# 34745261

RE:RE:Will biden impliment a windfall tax on oil companies

RE:RE:Will biden impliment a windfall tax on oil companies
Anschutz wrote:

Other than a temporary appeasment to the masses that are easily fooled, a windfall tax will do little else.  What it will do is cause companies to reduce production.  If profits are taken by the government in the form of a windfall tax, companies will have less to spend on exploration and development.  It will make a bad situation even worse... just in time for the 2024 election.

soundandfury wrote: Thats the trillion dollar question..........i heard the white house is considering it........imho its a pretty much sure thing that they will ........he desperately needs to do something to get his approval rateing up


 



The majority of these companies wouldn't pay taxes at all by 2024 even with a windfall tax because of the huge tax pools they have available from previous losses
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