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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.


TSX:VRN - Post by User

Veren Inc
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Comment by AndreiVon Aug 09, 2018 11:50am
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Post# 28433851

RE:FYI Seeking Alpha report on CPG...Crescent Moon Stall?

RE:FYI Seeking Alpha report on CPG...Crescent Moon Stall?

also from the same article...
I pretty much agree with this. Buy back shares instead of drilling to much and save the oil for later when it will be worth more.

I hope they would also close down the hedges and stop hedging.

What CPG has done wrong

CPG has stuck to a model of expansion, while completely ignoring the market message. When your stock is trading at under 3X FFO, it is not a case for business as usual. We contacted management some time back and suggested that they should stop drilling and use every dollar of cash flow to buy back the company's stock. Barrels on the TSX are trading cheaper than what CPG can develop and get out of the ground.

Bullboard Posts
Dealroom for high-potential pre-IPO opportunities