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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 ZincDink1on Feb 12, 2019 1:44am
206 Views
Post# 29351035

RE:Oil at $80, 90, 101??

RE:Oil at $80, 90, 101??Most experts think we are $55/avg. This will keep most shalers profitable but not encourage them to add production (we hope). For CPG, its going to take 1.3 B$ to keep production flat at 170 kbpd. They will make over 1 B$ at 55, break close to even at 45. Banks have stopped giving free money, so now everyone must live within their means.

Saudi need something like 80 to keep economy afloat - they will try and get this type of price structure.

So CPG is starting to mature using waterflood to enhance production as well as punching new holes. . Some think lack of new investment may cause shale production to drop precipitously, but for this year, I doubt we see much decline.

I only think aboput near term and at 55, CPG will do fairly well.

Please god, let there be another oil boom. We promise this time, for sure, we won't piss it away.


Bullboard Posts