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 jwallingfon Apr 01, 2019 4:01pm

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Post# 29565873

RE:RE:RE:RE:RE:We Need A Catalyst

Rusty: could you point me to the info that backs up your claim? According to their financial statement for Q4 and FY'18, "The Company recorded $7.7 million (year ended December 31, 2017 - $7.5 million) relating to compensation of key management personnel and $11.3 million (year ended December 31, 2017 - nil) relating to executive severance as general and administrative expenses for the year ended December 31, 2018."
Share-based compensation for FY'18 was C$22.6 million which is not paid in cash. They had C$61 million in excess cash flow for the quarter so 25% would be about C$15 million. C$7.7 million is more like 12.6%.
I'm not refuting your claim, just trying to understand your calculation and where mine might be off. The drop in cash on hand (coupled with free cash flow) went almost entirely to debt repayment of C$83 million.

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