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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
Post by filefishon Feb 04, 2020 3:21pm
75 Views
Post# 30641768

Buybacks vs Dividends

Buybacks vs DividendsI am jumping off the buybacks bandwaggon. It is apparent that they do not boost shareholder value in todays energy markets.. I would rather have a tangible return in the form of dividends from the Company's FCF and let me decide whether or not to reinvest it back in the companys stock. CPG has done a nice job of reducing debt. They dont need to do any more in the short term. Instead they should  re-institute a variable cash dividend based on the trailing 3 months of FCF. 
Bullboard Posts