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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 Ocalamanon Nov 27, 2023 9:20am
170 Views
Post# 35754126

RE:RBC

RE:RBCCPG estimated thier debt to cf of 1.0 pre hammerhead, rbc estimates it will be 1.5 post hammerehad and not getting back to less than 1.0 unitl 2028. A lot can go wrong in 4 years. in 2022-23 almost all oilco's have been reducing debt to cf and rewarding shareholders with increased dividends and reduced payout ratios. The public reaction to thier acquisition has been  loud and clear . There are better options out there with leaders that are listening to shareholders. Those who were burned with the issue will long remember this move as history has proven.
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