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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 NonCredibleSrcon Jul 15, 2021 1:58pm
93 Views
Post# 33553093

RE:RE:RE:RE:RE:RE:RE:RE:RE:Globe says Crescent Point cash flow improving

RE:RE:RE:RE:RE:RE:RE:RE:RE:Globe says Crescent Point cash flow improvingHmm - huge cash is great!  perhaps if the funding is available now is an appropriate time to diversify!?!?! Move away from 'just' oil and gas - purchase a proven or proving renewables company and bring it into the CPG portfolio.

Fund managers - at least many - are touting 'ethical' investing - investing that adheres to social, political, etc ideals such as human equality, blue planet, etc.

IMO the BEST way to attract a new audience (primarily millenials and their slightly older 90's counterparts) is to explore what may be done by a slow but steady transition. Transitions like these start to attract differnet fund managers and perhaps CPG gains more recognition.

We all know oil and gas is not going away over night - but some time, likely 30-50 years in the future, there will be only a handful of these companies as there will over time be the possibility of less and less demand.

Again - just my thoughts... 

Tommy123 wrote: Agreed. No fund manager wants to be seen putting funds into what will likely be an industry on life support once Trudeau gets a huge majority this Fall. 

TrendSwapper wrote: The problem is a shift of policy and investment away from fossil fuels. All O&G companies are in the same boat; look around. CPG is now profitable at $45+ US oil and making crazy cash. Fund managers won't put their clients money into an industry that is at the beginning of the end. There is no appetite for O&G, so management better take some of this cash and move into renewables if they want to be around when the dust settles.




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