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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 Seppelton Dec 21, 2024 11:55pm
20 Views
Post# 36374009

RE:RE:RE:RE:RE:First elected in 2004

RE:RE:RE:RE:RE:First elected in 2004

Comrade Packer,  

I the mid 2000 Enbridge, a major Canadian pipeline company, proposed Northern Gateway pipeline. It failed to consult you, mr. Savant, otherwise it would be told about rocky mountains and special machinery. 

There are groups that oppose every pipeline projects. Period. They are very proactive, very loud and well financed, often by foreign interests. And there are groups who see huge economic benefits.
The project was active for about 10 years, while these two groups were fighting. How this all end up?

"Upon taking office in 2015, Prime Minister of Canada Justin Trudeau banned oil tanker traffic on the north coast of British Columbia, effectively killing the project. On 29 November 2016 Trudeau officially rejected plans for the pipelines."
 

As an alternative, a native businessman proposed the Eagle Spirit Pipeline. This project also faced challenges, mainly:

"Barriers facing the project were National Energy Board approval, and the tanker ban implemented by the Justin Trudeau government and Bill C48"

Instead, Trudeau hand picked TMX running through downtown Vancouver. It was eventually built, but no professional saboteurs would do a better job to ensure that it would become the world's most expensive pipeline that took forever to build.
But let's not complain and say "thinks a lot, and good bye."

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