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Veren Inc 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 Moemoney42on May 20, 2021 11:43am
75 Views
Post# 33237746

RE:RE:RE:RE:AGM tomorrow

RE:RE:RE:RE:AGM tomorrowAbsolutely they are good metrics highalpha.. not to mention the diversification into a liquids rich play like the Montenay is a great additiion to the current holdings prior to the acquisition.. this is what the company needed to leverage cash flow into the future.. although some posters here can't see that.. but then again.. look at the sources... say no more.. LOL..
highalpha1 wrote: I understand your point of view, Cahclick.  However, I am looking at it this way.  At 2020 year end, CPG had a net debt of $2.1 billion (which was brought down to $2.0 billion as of end of Q1 2021).  In buying the Keybob assets from Shell (transaction effective as of April 1 2021), they added $700 million in debt (and issued 50 million shares to their float).  If WTI averages $60 this year, they are expected to generate $600 in free cash flow, which they will use to pay down debt, this, bringing the net debt at 2021 year end to $2.1 billion -- the same place the company was at in 2020 year end. The only difference, of course, is that the company has approximately 30% more in crude output at a residual cost of an 8% increase in its float count.  These metrics look pretty good to me.  Good luck.


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