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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

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Post by TheBridgeon Nov 09, 2023 10:26am
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Post# 35725967

Assets

AssetsThe selling the North Dakota assets and purchasing the Hammerhead assets has substantially improved the GPG assets position going forward, however it set us back in terms of the indebtedness. Those who have been waiting to be rewarded have now been in a position of waiting longer.......not a happy bunch. Those looking further down the road are now more hopeful of a reward, time is going to tell how this is going to turn out. Another chapter in the CPG book, stayed tuned if you're interested or you could just get another book. Some of my WCP investor friends have left WCP and just joined the CPG gang as a result of the share price drops and potential opportunities for CPG.

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