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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 packerdriveron Jun 11, 2024 4:03pm
72 Views
Post# 36083411

RE:RE:RE:RE:RE:Morg

RE:RE:RE:RE:RE:Morg
westcoastlogger wrote: You've got your head as far up you know where as Trudy does if you think it doesn't have something to do with the industry and the economy. Do you think there is no business case for selling LNG offshore for 100M bucks a load like your boytoy Trudy does for instance?? You should wake up.


Of course there is a business case to be made for LNG....the first ever canadian export facillity will start up next year... and it took 14 years to get to this point.....seven years to line up all the contracts with offshore buyers before the FID was made....and seven years to build the plant and pipeline to feed it.

There are a couple more projects in various stages of development...

The relatively short pipeline to move the gas across BC to the coast was supposed to cost 6 Billion dollars....it ended up costing 14 Billion.

What Trudeau was talking about was an LNG export facility on the East coast to sell gas to Germany. That would require a pipeline from Montreal to NS or NB.....and a plant to liquify the gas.
YEARS AND YEARS of planning and construction.....Thirty billion for the pipeline (?) and another 30 Billion for the plant (that's what the plant at Kitimat cost)......60 Billion dollars???? YEARS in the future before the first buck comes back???? And what if Russia collapses again in the maentime (like in 89) and russian gas floods back into Europe at 5 bucks a unit????
Would you make that bet and write that cheque?


If there was a business case for that whole idea somebody would have raised their hand and proposed something like that. Nobody did.
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