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 > Mixed Shelf Of Up C$350 Million

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Comment by LiquidOctopusV2on Jul 08, 2021 5:22pm

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Post# 33518868

RE:RE:RE:Mixed Shelf Of Up C$350 Million

Shell took all the shares in this shelf offering and has the right to sell them. It's pursuant to obligations Crescent Point took in the aquisition. I'm not worried about further aquisitions.

rambo123 wrote: I think it's just to faciliate the sale of the Shell shares when they want to dump them, I don't think we are doing any more dilution with this and we don't actually recieve any profit.

"We will not, directly or indirectly, receive any proceeds from any offering and sale of Common Shares by the Selling Shareholder under this Prospectus."

The Selling Shareholder = Shell Canada Energy or its affiliates or their respective permitted assignees (collectively, the “Selling Shareholder” or “Shell”, as applicable)

So while they have the ability to issue shares here, it's more likely they are just allowing Shell to get out of their position by selling to someone else.