Veren Inc 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 > CPG grossly under valued!

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Comment by filefishon Sep 18, 2022 8:40am

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Post# 34969706

RE:RE:RE:CPG grossly under valued!

CPG was purchasing $2 million worth of their stock daily in July. That dropped off to $900,000 daily in August.
Wonder if the reduction in share repurchases had something to do with Nuttalls decision to lighten his position. Does CPG have a variable share repurchase program that changes with the POO?

GnuckyT wrote: Makes no sense! CPG had a considerably higher upside according to him than all his stocks.

It had the highest target yet last time wasn't in his top three picks. Why? Because he knew he was going to sell when he was making that call.

jleer42 wrote: Eric getting called out was amusing, don't usually hear that.

Good to hear his reasoning, driven by his desire to increase cash as opposed to disappointment with CPG. Still likes it, just not as much as some of the other choices.

I'm still long with CPG, good luck to all!