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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 jwallingfon Jun 24, 2019 3:14pm
54 Views
Post# 29857270

RE:Where is Waldo?

RE:Where is Waldo?OK CDNdollars, I'm enticed. The C$600 million excess cash flow guidance contained in their May 2019 presentation was based on a strip price of $60.21 as at May 3. The current strip is around $57 implying that free cash flow will not be as high as forecast if the currrent price of oil remains flat. The average forecast price for 2019 WTI is around $62 (30+ analysts). So free cash flow will probably come in around the guidance give or take C$100 million. 
At the current strip price, C$850 million is not attainable. 
There you have it, straight from the Oracle's mouth. I expect kudos is this actually plays out. Given the number of factors at work, I'm putting a 30% probability on my forecast. 
You're welcome. 
Bullboard Posts