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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 greyowlon Nov 04, 2024 8:38am
194 Views
Post# 36294892

Go To Name for NA Oil & Gas Exposure

Go To Name for NA Oil & Gas Exposure7 Billion in Tax Pools. 

Cash Flow will go directly to the bottom line.

Excess cash (after Capital expenditures)  will used
to pay off debt and buy back shares.

Well positioned for upcomin Canada LNG exports.

Well Hedges.

Financials in recent and upcoming quaters will
prove this out.

Shorters will cover if oil/gas stay stable or rise in price.

Quote from the latest finacials.

"Under its 2025 budget, the Company expects to generate excess cash flow of 
$575 million to $775 million at US$70/bbl to US$75/bbl WTI and $2.50/Mcf AECO, allowing for significant returns to shareholders and further strengthening of the balance sheet"
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