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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

Post by MyHoneyPoton Nov 13, 2021 11:40am
206 Views
Post# 34123162

Q1 Hedge Book

Q1 Hedge Book
A few stinky hedges left in Q4, but their total hedging loss year to date is about 241 million, and likely end the year over 300 million. (Really not to bad)

I think this cost will be a lot lower in 2022.

This by itself could add 300 million in FCF, the hedging has been executed well and I have seen similar companies with 2x-5X times the hedging losses that CPG has.

Their highest cost debt is coming due in april and it will likely be eliminated, or the cost of it will be greately reduced. 

The condensate from Kaybob will up the values of their liquids mix, and should work towards them getting a higher overall price for oil/condensate. 

Next year will be hudge reduction in hedge losses, reduced interest rates, reduced debt, improved prices, improved produciton mix and increased production.

Their exploration budget increase from 625 million to 900 million about 44%.

Great Job CPG

IMHO

 
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