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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 Lash99on Nov 13, 2021 1:01am
174 Views
Post# 34122558

RE:NCIB should be utilized Immediately

RE:NCIB should be utilized ImmediatelyNo it's not. Short it for a period if you want. The CPG team have a plan and they have been succeeding from day 1. Look where the debt was ... $4.45 billion then and now it's close to $2.0 billion.  The trend is up . We all see it. There will not be a single share purchased until the debt is in line and this won't happen until the end of the second quarter of 2022 . I'll bet $20 to anyone that wants to play that this company will look totally different at the end of May. Day traders will play both the up and downs until then but I never go against the trend.  $80 plus Wti ... I don't have the guts to short it for very long. Good to see the criticism of management is a lot less and the fundamentals of what these guys are doing re the market is a lot more. 
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