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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

Post by soundandfuryon Aug 25, 2023 7:03pm
265 Views
Post# 35606233

I think those ND assets never made cpg much money

I think those ND assets never made cpg much moneySure they brought in $100 milllion of excess cash flow annually..........but the big question is if cpg wanted those assets to keep performing they would have had to invest many millions in cap ex and mt guess is they were not prepared to do that..........its like driving a 10 year old car.....sooner or later you either fix the brakes, repair the engine or you just say to heck with this and buy a new car..........i think cpg is a little slack in spending money on things like cap ex on old fields and reclamation expenses on old fields as well............i think that is what i dislike most about this company
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