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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 calgamiltonon Jan 15, 2019 2:14pm
156 Views
Post# 29235093

RE:RE:Do Not Think We Will Set A New Low

RE:RE:Do Not Think We Will Set A New LowSelling assets and cutting dividends for debt reduction is never a bad thing. However, reinvesting our money back into CPG in the form of share buybacks is not in the best interest of shareholders. Dividends paid directly to shareholders could be re-invested anywhere in the equity or fixed income universe whereas share buybacks essentially take those dividends and buy CPG shares. Anyone who, over the past decade, had elected to invest their dividiends back into CPG has lost that money. In other words, there are far better places to invest than CPG and I take exception to the company using my money to buy back shares.
Bullboard Posts