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.

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Veren Inc > Rough Numbers To Keep In Mind

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Post by Barkison Jun 07, 2022 9:40am

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Post# 34736587

Rough Numbers To Keep In Mind

Market Cap is ` $7B Cdn at this stock prices level.

Add $1.5B debt or so to get a Enterprices value ~ $8.5 Billion CDN

If oil stays around $100 US or $130CDN then should earn about
120,000 * 130 * 365 = $6 Billion in Revenue on liquids per year going forward.

Some liquids are priced lower than WTI but I am also using a lower WTI price of $100 US.

Half of the $6Billion (at least) will flow right to the bottom line which is also non-taxable for at least
2 years or so.

If it plays out close to this they will be debt free in a few months and able to do large dividends or buybacks.

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