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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 Takeactionnowon Apr 10, 2020 12:36pm
196 Views
Post# 30897349

RE:RE:RE:CPG Hedged at 76 bucks for 2020...Over 2.5 billion in cash

RE:RE:RE:CPG Hedged at 76 bucks for 2020...Over 2.5 billion in cashGood post, BP (like your trading skills). The prior poster's hopeful expectations are not wrong, but I respectfully must disagree as to the timing. Six months from now we will be recovering from the pandemic, in all likelihood, but much economic damage will have been done, with financial results of companies globally reflecting this. The tremendous build in oil stores will take a long time to be brought down, notwithstanding whatever production cuts agreement is reached. So $6 in six months seems unrealistic, in my view, although it is perfectly plausible that it could be achieved in 2021 if things go well.
Bullboard Posts