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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

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Post by sebastian2on Oct 31, 2024 11:29am
199 Views
Post# 36290640

Overreaction?

Overreaction?

Definitely an overblown overreaction, (I find energy markets to exhibit bipolar behavious and not be too grounded in fundamentals lately).  I do expect recovery in price by ~5% over the next week but time will tell. This is something I plan to hold for a while so daily movers really don't worry me too much. With a big price cushion from pandemic I don't see beeing in the red no matter what so I know my risk tolerance is a bit different then that of other investors. 

I am here for dividends and want to definitely wait for Q4 and Q1 where the impact of the $400 million deal with Pembina will be clearer for operations and margins as well as decrease in interest rate payments from that 400M proceeds to be used to pay down debt and on some of the other debt may come into play especially if another 0.5% rate reduction from BofC happens (potential small ~40M positive impact y/y? guestimate so don't ask how I got this :) ).

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