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.

TSX:VRN - Post by User

Veren Inc > CC Was CRYSTAL CLEAR: NO NCIB or Dividend+ THIS YEAR !!!

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Comment by LiquidOctopusV2on Jul 30, 2021 4:18pm

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Post# 33633447

RE:CC Was CRYSTAL CLEAR: NO NCIB or Dividend+ THIS YEAR !!!

It's possible to have some big things happen in Q4 this year. It depends on the debt-to-cashflow ratio. It'll be Q4 2021 or Q1 2022.

What's with all the exclamation points?

Eigen337 wrote: They MUST REPAY the ENTIRE CASH PORTION of the Shell ACQUISTION and SET ASIDE the $ 280M in NOTES DUE in 2022 before they EVEN CONSIDER NCIB or DIVIDEND UPGRADE !!!

SO they have to REDUCE DEBT by $954.1 million {~ $360M was already DONE in Q2/2021} BEFORE they INITIATE returns to shareholders !!!

This is my opinion only.

Eigen337