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 > moemoney:management using $75 dollars for 5 year outlook

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Comment by DrBill1on Sep 15, 2023 10:25pm

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Post# 35639429

RE:moemoney:management using $75 dollars for 5 year outlook

Drunk@noon, thank you, you made me think. Why? Why, is management low-balling so much. As they are dealing with the future, a little safety margin can be understood, but so much.

I went back over the last 2-3 years. Guess what is missing: Hedging Strategy.

In prior presentations (for a long time) management had a Hedging Strategy chart (or paragraph). Not even discussed now. I wonder: did they screw up the Hedging Strategy and are trying to cover it up, leaving a lot of flex to cover poor results? If so, they may easily need a $5/barrel cushion.

I have no proof that this is the case, but I am very suspicious, because this projection smells.