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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 Anschutzon Jun 17, 2024 9:59am
83 Views
Post# 36091887

RE:Veren should sell Saskatchewan move to Alberta

RE:Veren should sell Saskatchewan move to Alberta

They'll take a huge loss on the Taj Mahal office buildings they built in rural Saskatchewan communities. No one will pay anywhere near what they cost to build, especially with the way investment and corporations have been fleeing Canada over the last 8 years.  Who's going to buy them?  Maybe another thrift store or Dollar Store.


Marty47 wrote: I'm not ceo but their Saskatchewan now represent 25% (50k barrels a day) and it's project 2028 for the same capital expenditure it will just produce 37k barrel per day also level excess cash flow will be 605millios going down to 395mlions in 2028 

now Alberta montney will do 95k bpd to 137bpd in 2028 

why they don't sell Saskatchewan and move all to Alberta , this way they cut expenses as all the operations will be in the same spot and use proceed to pay down some debts and drill more productive wells , because now it's the good time to sell before they start spending money and loose 200millions of level free cash flow while spending the same capex 

If I would be Craig I will dump Saskatchewan in 2025


 

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