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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 Oct 06, 2024 12:20pm
65 Views
Post# 36255115

RE:RE:RE:RE:Feel free to discuss Justin Castreau

RE:RE:RE:RE:Feel free to discuss Justin Castreau
westcoastlogger wrote: Castreau painted himself into a corner when he brought in the tanker ban on the north coast and canned the Northern Gateway pipeline and enabled protestors to block and delay for years the Trans Mtn pipe. Kinder Morgan told him to take a hike and Trudy was forced to buy the project. 35B dollars later it was finally completed, when it shouldn't have cost us taxpayers a nickel. Typical Castreau. Bad, bad, management.


Logger inventing stuff again...The Tanker Exclusion Zone has been in force for FORTY YEARS!!! In 1985 the US and Canada agreed to keep tankers carrying more than 12,500T of oil 50 km away from the BC coast between the Alaska Panhandle and Juan de Fuca Strait. The present government made a 40 year bi-lateral agreement (for very valid reasons) a Canadian Law.

TMX is the ONLY oil pipeline that crosses the Rocky Mountains in ALL OF NORTH AMERICA...for good reason. It did end up costing 35B dollars. A pandemic and a one hundred year flood event along a good portion of it's route contributed to it's final cost. Tolls on the pipeline will bring in at least 1B a year for the next 50-60 years at least...not to mention the positive impact it will have for DECADES on the price realized by AB oil companies for their WCS oil.

The same objections leveled at TMX were raised by Conservatives in 1956 when the Liberals created the Trans Canada Pipeline Corp. and built the Mainline to carry Alberta gas to Eastern Canada.
Conservatives ran on stopping the pipeline and defeated the Liberals at the polls. Luckily for Alberta and the country the pipeline was too far along for Conservatives to stop it and it was eventually completed.
https://www.thecanadianencyclopedia.ca/en/article/pipeline-debate

"plus a change, plus c'est la mme chose"

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