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 10, 2019 11:57am

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Post# 29734534

RE:RE:RE:Share purchase?

Anchutz and Marty: Oh it was worse than that...from 2009 (CPG converted from unit trust to corporation) to 2016, CPG was a serial issuer of shares for everything ( acquistions, compensation, dividends, etc.), but, starting in 2017, they only issued shares for employee compensation. Now the share-based compensation is based on an actual dollar figure, so, as the share price drops more shares need to be issued. At least now, with the NCIB, they are buying shares from the market to meet these needs, so, no more dilution. In fact, there is now concentration for existing shareholders.

I noted on another post that shares outstanding had more than doubled since 2009, most of which was for raising cash for acquisitions. But a great amount of stock was also issued to compensate employees and pay dividends...not a great long term corporate strategy (i.e. ponzi).

The information for all this is in the following annual reports of management discussion under the notes to consolidated financial statements re: shareholder capital. Makes for interesting reading. (hope they load!)

2010 ANNUAL REPORT:

https://www.scribd.com/document/409455812/CPG-ANNUAL-REPORT-2010

2011 ANNUAL REPORT:

https://www.scribd.com/document/409456000/CPG-ANNUAL-REPORT-2011

2012 ANNUAL REPORT:

https://www.scribd.com/document/409456151/CPG-ANNUAL-REPORT-2012

2013 ANNUAL REPORT:

https://www.scribd.com/document/409456439/CPG-ANNUAL-REPORT-2013

2014 ANNUAL REPORT:

https://www.scribd.com/document/409457346/CPG-ANNUAL-REPORT-2014

2015 ANNUAL REPORT:

https://www.scribd.com/document/409457348/CPG-ANNUAL-REPORT-2015