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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 Anschutzon Nov 05, 2024 10:21am
116 Views
Post# 36296950

RE:RE:Desjardins - Back on Point

RE:RE:Desjardins - Back on PointPerhaps what we've been seeing with the VRN share price meltdown, is a concerted effort by investment firms that lost big on the bought deal, offsetting their losses by shorting VRN into the ground. After the antics of the last year, I suspect there are a few firms holding a grudge.

downwithdotcom1 wrote: wow...Desjardins had harsh words for VRN-they called it a "disasterous Q324 update" and asked why management had been so confident with an alternate drilling technology that ultimately failed.. while they agreed that VRN is cheap, bridges were indeed burned and this company is basically dead in the water until management confidence is restored... so this sounds to me like a 6 month or even a 1 year turn around story at a minimum...thoughts?? dwdc

PS uwebb , thanks for research information post



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