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 > RBC's $8 Target

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Comment by SusanBollandon Nov 04, 2021 2:32pm

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Post# 34088064

RE:RBC's $8 Target

CashHungry wrote:
As a value investor it is sometimes difficult to make sense of things, pariticularly when stocks appear so mispriced. RBC has a target price of $8 and outperform rating for CPG. Sounds good, but how realistic is their $8. I would say not very realistic since it appears to be massively under estimating the likely upside once sanity returns to the market. Looking at the chart below CPG's EV/DACF multiple is forecasted to be 2.0 at the end of '22. If CPG's mulitiple was only to expand to match their peers 2.8 ( an extremely low multiple by historical standards), CPG's stock price would work out to about $8.5.

fingers crossed

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