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 > Top Pick

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Comment by Moemoney42on Oct 27, 2023 4:11pm

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Post# 35704910

RE:RE:Top Pick

Exactly retired.. they're applying their lateral expertise with their fracking expertise and that's performing well, with the best wells in the play reported.. as much as one poster here that continually posts cr@p thinks, this was a good move to sell the US Bakken and move to a play that has lots of drill targets and better production profiles.. I'm a happy camper..! ;-)

retiredcf wrote:
TOP PICKS:

Crescent Point Energy (CPG TSX)

Crescent Point is having remarkable success with a new frac design (elevator frac) in its recently acquired Montney acreage, having recently drilled one of the most economic wells in the Montey ever drilled. With 300 potential follow-up locations amenable to this technique, and 15 years of inventory overall, we see the current valuation of 2.8X EV/CF and 23 per cent free cash flow yield at $80WTI as very compelling. We think fair value is 5X = $22/share = ~100 per cent potential upside.