Veren Inc T.CPG

Primary Symbol: T.VRN Alternate Symbol(s): VRN

Energy Oil & Gas E&P

Veren Inc., formerly Crescent Point Energy Corp., is a Canada-based oil and gas exploration company. The Company is engaged in the business of acquiring, developing and holding interests in petroleum and natural gas properties and assets. Its crude oil and natural gas properties and related assets are located in the provinces of Saskatchewan, Alberta and the United States. Its operating areas include Viewfield area of southeastern Saskatchewan; Shaunavon resource play, which is located in southwest Saskatchewan; Flat Lake play, which is a multi-zone resource play located in southeast Saskatchewan; Kaybob Duvernay play, which is situated in the heart of the condensate rich fairway, Central Alberta, and Montney assets in Alberta. Its wholly owned subsidiaries include Crescent Point Resources Partnership, Crescent Point Holdings Ltd. and Crescent Point U.S. Holdings Corp.

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Veren Inc

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Comment by ElJon Jan 22, 2015 1:24am

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Post# 23347083

RE:$1.29 billion of CPG debt is in USD.

Venturecap,
You appear to have a good detail on the Crescent bank facitities, but when you say that "they might sqeak by in the 4th quarter but the 1st quarter of 2015 will be ugly",
have you made the cash flow and funds flow calculations including current Crescent hedges ? I anticipate, based on pubically indicated hedges and production, that funds flow and cash flow will be quite similar in Q4, 2014 to their Q3, 2014 numbers ($618 million F/F and
$583 million C/F) and in Q1, 2015 Crescent has over 50% of production hedged in the $90 region. Certainly oil price at current levels, if they extend through most of 2015 would seriously hurt,

Peace,
Good Decision-making to All,
ElJ

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