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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

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Post by smallcaptdron Mar 14, 2023 3:19pm
208 Views
Post# 35338139

Iceberg time...

Iceberg time...Having $71 Oil doesn't happen often in a year where Oil could be $85-$90 in June so you have to take a risk of buying shares of any Oil Play regardless if Oil goes higher or lower tomorrow holding shares bought at these prices will pay off. All Oil needs is for Oil Stock readings to come in with continued draw or US Data to come in weaker tomorrow which would have Oil rally out of this trench. Risk in this situation will be rewarding so iceberg on the bid-side
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