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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.


TSX:VRN - Post by User

Veren Inc
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Comment by jwallingfon Apr 01, 2019 1:06pm
87 Views
Post# 29564574

RE:CPG.TO MANAGEMENT

RE:CPG.TO MANAGEMENTWhat sort of serious actions do you have in mind upkick? Just to review:
  • Started an NCIB with 1,284.400 shares retired so far
  • Cut the dividend, freeing up about C$170 million cash flow per year
  • Committed to reducing LT debt by C$1 billion by the end of 2019
  • Focused on living within means, with capex less than cash flow 
  • Further assets sales aimed at debt reduction
So, short of putting the company up for sale, I think they're making progress in turning things around.
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities