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.

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Veren Inc

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Comment by hoov66on May 09, 2019 2:12pm

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Post# 29730203

RE:RE:RE:TD Securities Ltd.

Marky1 wrote: Sorry, but what does net back mean,agaipardon my ignorance

Operating netback is a measure of oil and gas sales revenue net of royalties, production and transportation expenses. It in non-GAAP and specifically used in the oil and gas industry.

They are predicting $35 netback per boe based on 174,000 boe/day for Q2 =

$35 netback x 174,000 boe/day x 90 days = $548,100,000 net revenues in Q2. If you subtract all other expenses (interest, taxes, depreciation, salaries, hedging gains/losses, currency exchange gains/losses, etc.) then divide by the number of outstanding shares at the end of Q2 and you have EPS.

Based on Q2 net operating income of $548MM and outstanding shares of 548MM you would have net operating EPS of $1.00.

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This junior mining stock offers billions in market exposure