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Veren Inc T.VRN

Alternate Symbol(s):  VRN

Energy Oil & Gas E&P
Veren Inc. is a Canada-based oil producer with assets in central Alberta and southeast and southwest Saskatchewan. The principal activities of the Company are acquiring, developing and holding interests in petroleum and natural gas properties and assets related thereto through a general partnership and wholly owned subsidiaries. Its core operational areas include Kaybob Duvernay and Alberta Montney, Shaunavon and Viewfield Bakken. Its Kaybob Duvernay is situated in the heart of the condensate rich fairway, Central Alberta, which provides low risk drilling inventory. Its Alberta Montney assets sit adjacent to its Kaybob Duvernay lands, possessing similar resource characteristics including pay thickness and permeability in the volatile oil fairway of the reservoir. Its Shaunavon resource play is located in southwest Saskatchewan. The Viewfield Bakken light oil pool is located in Saskatchewan.


TSX:VRN - Post by User

Veren Inc > If you can't have a decent dividend @74.00 wti
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Comment by Moemoney42on Jun 26, 2021 11:54am
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Post# 33456083

RE:RE:If you can't have a decent dividend @74.00 wti

RE:RE:If you can't have a decent dividend @74.00 wtiThey're also in a bit of a catch 22 situation.. do they buy back shares at this level first, before increasing the divi, as that would cause the share price to rise and buy backs more expensive.. I'd like to see a bit of NCIB buying appear in Q2 of this year.. and a 100% increase of the divi for Q3 or Q4 to 1/2 cent/quarter to start the process of appeasing shareholders a bit as well.. the optics of that increase would be a step in the right direction without increasing the share price that will cost too much for the NCIB.. JMHO.. 
LiquidOctopusV2 wrote: The company has said that they wanted to achieve a 1:1 FCF vs debt ratio before increasing the dividend.  With $74 oil, if it holds, that should theoretically happen this year.  I had estimated that to happen in in Q1 or Q2 next back when oil prices were lower.   The recent rapid increases in the price of oil have really altered the landscape.  

soundandfury wrote: When can you have a decent dividend?




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