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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 Seppelton Nov 03, 2023 5:40pm
217 Views
Post# 35716681

RE:RE:CPG Shares Outstanding

RE:RE:CPG Shares OutstandingThey should maximise buybacks this year, there is still two months left. As of January 1st, 2024 the federal government will be taxing buybacks 2%. Not a lot but on a $400 million annual total it's $8 million. I would rather spend more on debt reduction. The stock is trading on NYSE where it would attract many wealthy investors if it wasn't for the high debt. For shares to break the current range, we need buy and hold investors, not traders.
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