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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

Bullboard Posts
Comment by Kaybobon May 29, 2017 10:37pm
148 Views
Post# 26298569

RE:ASK YOURSELF A QUESTION

RE:ASK YOURSELF A QUESTIONActually management did do a great job building a monster during the good times.  The direction of growing at all cost has hurt them now.  Another placement is out of the question so they are getting squeezed btw that rock and something hard.  I realize with a public company allowing production to drop is bad optics but the amount of drilling that has to take place just to maintain production is a bit worrisome.  CPG does not have the best assets in the industry but they do a great job of keeping costs down (not G&A but everything else).  There are many good things about CPG but the future is not guaranteed.  If oil prices don't go up signicantly CPG's stock price will continue to slide....in my opinion...of course.
Bullboard Posts