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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 LiquidOctopusV2on Jul 29, 2021 10:24pm
121 Views
Post# 33630473

RE:RE:RE:why do you assume i 'm short cpg?

RE:RE:RE:why do you assume i 'm short cpg?It's probably not that far off but it will be less because the hedges decline every quarter.  Q2 2022 is down to about 15%. 

I like the hedges so much before the oil price ran.  Now it's just one of those things that the debt make necessary. 

soundandfury wrote:
LiquidOctopusV2 wrote: I"ve got to admit, I've looked aroudn for the this $360 million hedge loss number and I can't see where you dug it up.  It's not unreasonable, so I'm not arguing it, but where did you find it? 

I did notice that $360 million was their debt repayment this quarter. 

soundandfury wrote: $imply because i talk about their 360 million hedge loss in 2021.........hmmm.......anyone who knows me knows i never short sell ever......besides if i did sell some of my cpg stock i certainly would invest it in a better dividend paying company

 


i simply took the hedge loss of 90 million for q2 and multiply by 4 for 360 million loss in 2021.........it could be more or could be less but i think q2 times 4 is a reasonable estimate


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