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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 filefishon Mar 28, 2023 9:48am
354 Views
Post# 35364322

Todays announcement

Todays announcementReminds me of the Scott Saxberg days. Building production for their ego with little consideration the debt consequences . Unless management is totally convinced that oil is going to 90+ soon, it makes little sense to undo what they have been trying to do for the last 3 years - reduce the leverage of their balance sheet.  Deal seems to kick the shareholder return promisses down the road.

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