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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 Zipolitemexicoon Nov 02, 2024 9:37am
239 Views
Post# 36293498

CIBC target updates

CIBC target updates
CIBC analyst Dennis Fong lowered his target to $13 from $15, and maintained an Outperformer rating.
 
"While we view the share price reaction to this update as overdone, we suspect it could take some time to rebuild investor confidence," Fong said in a note to clients.

With targets in the $12-13 range the banks for projecting a 85% to 92% gain including the dividend. As an income focused investor I am sitting on a 6.6% yield for the time being with potential of cap gains in the near term. 

 
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