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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 Anschutzon Mar 28, 2023 10:21am
215 Views
Post# 35364444

RE:RE:BNN Announcement

RE:RE:BNN AnnouncementI hope you're right and market sentiment towards acquisitiions has shifted since SGY last November.  The share price of SGY still hasn't recovered from the hit it took. 

So far CPG share price appears to be holding up.  At the moment I see significant debt added to the balance sheet, no increase in dividends (likely for a year while they again work to pay down debt), and need for economy and price of oil to hold steady and not decline (too much).

I'll continue sitting on the sidelines until market sentiment becomes clear.
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