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 16, 2023 1:53pm

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Post# 35639785

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

Reading Further: Financial Post, May 12, 2023

CPG is "also increasing its use of commodity hedges to provide financial protection against the risk of further price declines".

and furthermore "Chief Financial Officer Ken Lamont said 30% of the company's oil and liquids production hedged"

My Comment: With hindsight these "protections" could not have been financially beneficial as crude prices have materially increased, just the opposite of what appears to have been implemented. Management owes investors clarification rather than obfuscation.

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