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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 vwbusmanon Jul 26, 2023 7:33am
331 Views
Post# 35557250

RE:Q2 results

RE:Q2 resultsincrease in production is encouraging given the wildfire situation in Q2.  Kind of a steady as she goes quarter - Q3 and Q4 should provide some torque upwards if WTI can keep on a roll.

Not a fan of 3 billion in debt - hope they accelerate debt repayment with some possible asset sales in the next two quarters - would like to see a view to an endpoint where more than 60% of fcf goes to shareholders.
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