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 goingtoberich9on Mar 15, 2020 3:21pm

76 Views

Post# 30810084

RE:RE:Review

Appreciate your fact-based posts.

If overnight oil moves up even a bit, we could see gap up in SP.

Moemoney42 wrote: "The company's proved plus probable (2P) NAV was $16.82 per share at year-end 2019, based on independent engineering escalated pricing, or $10.57 per share based on a flat pricing assumption of $55 (U.S.) per bbl WTI"

At the current share price of $1.35 there is extreme value and upside potential once the oil price stabalizes..!

At today's oil price of ~$33 USD CPG's NAV is still $6.35/share... 4.7X higher than Friday's close..!! If and when the oil price war is over and corona hysteria is behind us, this stock price (as it is now) will be RIDICULOUSLY UNDERVALUED..!!
I could see 500% upside when the above mentioned issues are behind us EASILY..! JMHO
Moe $$