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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 ascii2on Jun 29, 2022 9:27am
267 Views
Post# 34789989

RE:RE:WCP acquires XTO energy Canada in all cash 1.9 billion C$

RE:RE:WCP acquires XTO energy Canada in all cash 1.9 billion C$The assets were valued at up to $1 billion in January and within 5 months they paid 1.9 Billion Canadian for it. Exxon and Imperial are laughing all the way to the bank. WCP had to pay the price by taking 1.9 billion loan in addition to existing 1.1 Billion loan. With interest rates going up it doesn't make sense. I understand CPG was interested only in Duvernay shale oil and gas assets as all machinary is already on site and very little additional CAPEX is required. Buying house at peak when mortgauge rates are up does not make sense to common man like me.That is my two bits.
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