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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 Marty47on Mar 03, 2024 2:57pm
168 Views
Post# 35912162

RE:FY 2023 Results

RE:FY 2023 ResultsYou can't have a positive point like increase inventory and have not negative point such as debt increase , if you increase inventory you need to increase debt unless you have 2 billions in cash , but yes 15% increase in dividend is great , as many think , it would be better pay de debt than buyback share , it make no difference , if you payback the debt , the share buybacks will be more expensive later and since it will take more $$ as the stock price will be higher , your dividends will be more expensive as the shares won't going down thus pay more dividends , a combinations always better on the long run ...... also on an accounting point of view I assume interest on the debt must be a write-off thus reduce $$$ for cra ....
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