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Veren Inc T.VRN

Alternate Symbol(s):  VRN

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

Bullboard Posts
Post by FootballFan1on Jun 08, 2015 7:59pm
270 Views
Post# 23809139

Market Pricing in Dividend Cut to CPG...?

Market Pricing in Dividend Cut to CPG...?Hard to see CPG maintaining their dividend if oil prices don't rise significantly over the next 12 to 18 months.....not sure what the number would be, but if they must enter into future hedging contracts at prices significantly lower than the ones that will be expiring over the next year or so, they will likely have to sell assets, make further cuts to CapX, and/or cut the dividend (as at April 30, 2015, the Company had hedged 58 percent of its oil production, net of royalty interest, for the remainder of 2015 at a weighted average price of greater than CDN$88.00/bbl and 34 percent for 2016 at a weighted average price of greater than CDN$83.00/bbl. ).
Bullboard Posts

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