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Bullboard - Stock Discussion Forum 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... see more

TSX:VRN - Post Discussion

Veren Inc > Duvernay Wells moves CPG to a new Evaluation
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Post by MyHoneyPot on Dec 07, 2021 11:14am

Duvernay Wells moves CPG to a new Evaluation

These wells and well pads they are drilling in the Duvernay, are going to knock the socks off investors. Shell has been working this play for years, and the Duvernay needs companies like CPG to come in an exploit the play.

All the majors previously in there are just to inefficient and CPG, is going to get a lot of excitement and awareness regarding the duverny.

When the results come out in 2022, they will be fantastic.

IMHO
Comment by CashHungry on Dec 07, 2021 12:03pm
It is hard to over emphasize how transformative and brilliant the Duvernay acquisition was for CPG.  Back in February the acquisition looked great, now eight months later it looks head-shakingly fantastic.  I am not sure how the management haters on this board can reconcile their negative views in light of this deal. Here's a recap: They paid 900 million for assets that were ...more  
Comment by Anschutz on Dec 07, 2021 3:28pm
It's simple... after 6 years of utter pain while management carried on with their lavish lifestyle...
Comment by LiquidOctopusV2 on Dec 07, 2021 4:09pm
The company is well managed.  I smiled a bit when I read "lavish lifestyle".  I suppose I'm having a hard time picturing Craig in green/grey golf shirt snorting cocaine off a hooker.  The last several years have been tough all around.  The math is all in our favour, the industry meta is in our favour. 
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