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Veren Inc T.CPG


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

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.


TSX:VRN - Post by User

Bullboard Posts
Comment by magnuswaveon Mar 07, 2019 4:56pm
198 Views
Post# 29458091

RE:RE:Certainly not an exciting call

RE:RE:Certainly not an exciting callYep, market still hates them and once again on BNN they are the poster child for all that could go wrong. The big question would be who could come in and take over management? Takes time and effort to assemble an alternative slate. My guess is no one serious enough to step up. The next logical and more likely scenario is a complete takeover. This outcome would not recognize fair value but this would likely have the support of all institutional clients who are likely just as fed up by now. As I have mentioned to IR and conveyed to management in the past, the lack of urgency will be their undoing. I can see a private equity fund stepping up and privatizing and floating years later for a triple.
Bullboard Posts