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

Bullboard Posts

Comment by jwallingfon Feb 11, 2019 1:19pm

67 Views

Post# 29347875

RE:RE:RE:Lower Volume Every Day

The debt level is pretty conservative compared to the general level in the oil patch. "As of 2018, the range clusters within 0.5 and 0.9 with crude oil prices trading in a range between $50-70 per barrel. (Investopedia)". This refers to the debt/equity ratio. For CPG at .467 they're close to some of the other large players like SU (.3943) CNQ (.5909) WCP (.3775). These companies pay better dividends, of course.
The most ridiculous metric is CPG's P/CF of 1.00 (TTM). A multiple of 3 would be more normal during this lower oil price situation. When times are booming, this multiple gets into the 5 range.
Morningstar, a pretty conservative outfit, puts CPG fair value at US$4 (Dec 19, 2018).

Bullboard Posts

Morning Market Outlook for June 3, 2024