Veren Inc T.VRN

Alternate Symbol(s): VRN

Energy Oil & Gas E&P

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.

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Veren Inc > Panic-Proof Portfolio

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Post by retiredcfon Oct 27, 2023 6:36am

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Post# 35703569

Panic-Proof Portfolio

TOP PICK

Crescent Point Energy Corp(CPG-T)

24/10/2023

Stockchase Research Editor: Michael O'Reilly

With quarterly reported cash reserves growing, while debt is retired and stock bought back, we again reiterate CPG as a TOP PICK. The company recently announced it is selling its N. Dakota assets for $675 million and plans to spend over $1 billion in capital projects next year. We continue to recommend a stop at $9.50, looking to achieve $14 -- upside potential over 24%. Yield 3.2%

(Analysts’ price target is $14.25)

Oil / Gas

$11.010

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Advancing flagship Ishkõday Gold Project in Ontario