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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

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Post by Nextlegupon Aug 25, 2023 3:10pm
256 Views
Post# 35605882

Emotion getting in the way of decision making...

Emotion getting in the way of decision making...So Crescent Point has sold off a good 35 cents below its value relative to it's peers since news, yet is in a better financial position...

What's that worth...

approx 550 million share o/s x 35 cents= $192 million reduction to market cap....because someone is pi$$ed with the temporarily reduced cashflow...

Very narrow view in my opinion

This should bounce well next week as others pick up the slack and recognize the value...
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