Bullboard - Stock Discussion Forum 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... see more

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TSX:VRN - Post Discussion

Veren Inc > Basically a 6.5% GIC

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Post by Fishcop69 on Nov 01, 2024 12:01pm

Basically a 6.5% GIC

Basically a 6.5% GIC for the next year with some potential upside (but no guarantee).

But, if you have a positive outlook for the energy sector it's the ugliest girl at the dance that is capable of performing well if the band keeps playing.

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Comment by Anschutz on Nov 01, 2024 12:38pm

IMO... not nearly enough to offset the risk to capital in buying / holding. Interest rate needs to be more than double to offset. The Canadian E&P sector can no longer be evaluated against historical metrics. Way too much damage has been done by government, ESGs, NGOs and activist groups to suggest a dividend paid by a E&P is at all comparable to that of companies in sectors ...more

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Veren Inc