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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 SmokeyOBon Feb 27, 2024 7:15pm
187 Views
Post# 35902734

RE:Technical Analysis

RE:Technical AnalysisHopefully the latest acquisition is positive come Thursday and Friday.  As long as management cools their heels and stops buying more companies. Let the production level out and stick to some form of plan.  They did not buy at a particularly good time interest rate wise, but that may turn out not to be a bad decision as everything is continually changing.  Debt does have to come down.  There should also be an decrease in the WTI/WCS spread should the TMX ever get completed. 
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