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 > OPEC sticks to oil demand view:

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Comment by Moemoney42on May 14, 2024 3:07pm

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Post# 36039417

RE:RE:OPEC sticks to oil demand view:

Also of note quote:

" We expect the remainder to come from infrastructure transactions, potentially including assets acquired through the Hammerhead Energy acquisition, as previously hinted by management."

I remember CPG doing this in Sask. with their gas processing facilities, for I believe $500 million.. if they can divest the processing facilities again that would certainly take the debt down in a big way.??
They would then have a long term contract with the buyer to handle their production on a go forward basis.. IMO..??

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Canadian government to fund Electric Royalties portfolio property