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Northstar Signs MOU to Mine High Grade Zone 2 at Cam Copper Mine (click to learn more)
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Veren Inc T.VRN

Alternate Symbol(s):  VRN

Energy Oil & Gas E&P
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

Veren Inc
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Post by FootballFan1on Jun 11, 2015 1:58pm
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Post# 23821154

Annual Dividend over $1 Billion

Annual Dividend over $1 BillionAccording to tmxmoney.com, CPG currently has 452,278,866 shares outstanding. CPG pays 0.23 x 12 = $2.76 per share per year in dividends. This would equate to a total dividend payout of just over $1.2 Billion per year. DRIPs, new shares issued for the LEG sale, etc. will alter this number, but it appears $1 Billion per year going forward is a reasonable estimate. Hard to see CPG maintaining their dividend as their hedges expire unless oil prices jump significantly over the next 12 - 18 months.
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Dealroom for high-potential pre-IPO opportunities
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