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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 Nov 07, 2021 10:44am
172 Views
Post# 34097296

RE:RE:RE:Reading between the lines

RE:RE:RE:Reading between the linesAre you kidding me?  I've actually been a diplomat!   What Nuttall was doing was terrifically aggressive and he's openly challenging CPG's management to accelerate shareholder returns.  No thin veil, no white gloves.  0% diplomatic score.  He telling us that he's going to have awkward talks with the management.  It was all out there on screen.  

cahclick wrote:

He is diplomatic to say "he is not sure".

Any shareholders that have been around here hor years know already that Management doesn't give a flying rip about shareholders.
Today's pathetic share price is totally because of the lack of trust/confidence in Management.
The company metics suggest that debt can be paid down, shares can be bought back, dividends can be increased BUT who says Management won't go buy another $9 billion of debt.

This company should be flying but it's unlikely to happen without a major shakeup. 


all jmo
glta

 

CdnOilObserver wrote: Nuttall also stated "he is not sure that the CPG Management 'get it' with respect to returning capital to shareholders"

CPG will remain bound in the high $5's and low $6's until they can demonstrate a fair return to investors for the risk of investing in a small-mid cap oil producer.

 

 

 



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