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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

Post by NikoDoughskion Nov 02, 2024 3:48am
288 Views
Post# 36293408

I feel more comfortable in Craig Bryska then ever before

I feel more comfortable in Craig Bryska then ever before
Sure seems this is a case of price driving narrative here. We have dreadful natural gas prices atm which is hurting performance. That won't last forever folks. Veren has the best wells in North America. By the next Q or so they will have mastered the art of fracking the new design on the Hammerhead lands that likely even creates better results.

Overall I am pretty confident with Craig Bryska at the helm. The man is a dictionary of technical know-how and is an Engineer who worked in the business his entire life. Rarely does such skill mix with the white collar world. Even better he has been trained by Scott Saxberg who is basically one of the foremost legends in Canadian energy.

Also reading of late some research that suggests Veren will soon be able to bring on even more production in low decline Saskatchewan without fracking, saving them ample costs and making the payout even quicker then before.

7% yield. 10% ncib coming. Folks, I don't know who needs to hear this but if you are not buying shares here you are just missing out on some epic games.

Thank me later.

Niko Doughski
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