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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

Comment by TrendSwapperon Jul 13, 2021 2:03pm
121 Views
Post# 33536525

RE:RE:Insiders are not helping

RE:RE:Insiders are not helping Their goal is to increase cash and eliminate debt. This is the best play for the company, which should translate to the best play for shareholders. Would you rather them pay out hefty dividends instead of wiping debt? Maybe a healthier balance? Keep in mind that they have managed costs down to $40 US WTI as a result of the tightening conditions. We pay intrest on debt, which constrains their ability to pay dividends or buy back shares. They're rolling in cash right now but all everyone has to say is what a crappy job management is doing. They also survived two steep and aggressive downtrends while many others went belly up, coming out the other end way more efficient and with additional production capacity.
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