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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 NonCredibleSrcon Jun 01, 2022 12:43pm
106 Views
Post# 34723694

RE:RE:Oil Stocks in the red....

RE:RE:Oil Stocks in the red....I think it's wise to bear in mind that tech stocks have been beaten over the last while - between those that are gun shy (or don't have the means to purchase more) and those that are moving in to try to scoop up some (percieved) deals we are going to see a bit of a lag.

I don't think this is windfall tax related.

FYI - even if it were - much would depend upon how that would be written - anyone here with a little accounting experience would know how funds might be moved around to minimize any such impact.  Same of course goes for the UK decision/companies.

Would also be really hard to justify such a windwall tax - banks have been record profits for years without such a thump - and maybe look at other retailers as well (IE Loblaw). Only recently was an additional tax called on Can banks - and it wasn't an earth-shattering move.
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