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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 BigJoe778on Apr 21, 2022 6:13pm
150 Views
Post# 34622086

RE:RE:RE:RE:RE:CRESCENT POINT CPG $20/SHARE = 2022

RE:RE:RE:RE:RE:CRESCENT POINT CPG $20/SHARE = 2022Obviously the National Bank upgrade on the 15th didn't mean a whole lot to the overall market as today's SP is pretty much exactly where it was. Also let's not forget that National Bank is the one handling the NCIB for CPG so why not throw them a favorable upgrade lol. They're literally the only institution/analyst with a target over $15. Most of them are even significantly less tha $15.I'd also argue that the worse it gets for the energy crisis the better it gets for the drillers. There's gonna be a point and I'd say we're getting close already where the price starts to counteract supply/demand and we start the see demand destruction which is good for nobody in the O&G world. Long ways to go before $20/share and no chance we see it this year. We'll revisit these posts in December :)
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