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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

Post by soundandfuryon Aug 25, 2023 7:03pm
235 Views
Post# 35606233

I think those ND assets never made cpg much money

I think those ND assets never made cpg much moneySure they brought in $100 milllion of excess cash flow annually..........but the big question is if cpg wanted those assets to keep performing they would have had to invest many millions in cap ex and mt guess is they were not prepared to do that..........its like driving a 10 year old car.....sooner or later you either fix the brakes, repair the engine or you just say to heck with this and buy a new car..........i think cpg is a little slack in spending money on things like cap ex on old fields and reclamation expenses on old fields as well............i think that is what i dislike most about this company
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