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

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Comment by wallop13on Jan 21, 2016 10:34am

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Post# 24480320

RE:RE:RE:Dividend and production increases

Kaybob wrote: Their losses are adding up the net debt gain year over year is staggering (I know the LEG deal). They have done a great job with hedge and other but these will not hold. Face facts do it now, get ready to compete in every environment (without the hedge) and when we do get a recovery of any kind then excel.

But even at $46 WTI they have 2 billion cash flow without the hedge. The cost of the dividend and capex are about 1.5 billion.

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