Veren Inc T.VRN

Alternate Symbol(s): VRN

Energy Oil & Gas E&P

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

Veren Inc > Why is VRN dropping more than usual today?

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Comment by Seppelton Dec 13, 2024 1:32pm

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Post# 36361371

RE:RE:Why is VRN dropping more than usual today?

The entire oil and gas sector is down for reasons mentioned above. VRN has been hit the hardest, probably because it went ex-dividend today.
All these are temporary factors. The bottom line is that oil is up. WTI is trading above $71 and hasn't fallen below $65 as many feared. That means more cash flow which can be used for debt reduction or buybacks.

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