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 Takeactionnowon Apr 15, 2020 3:45pm

114 Views

Post# 30913238

RE:NICE: LC Interest DROPPED By The FULL 150 Basis Points !!!

The big Canadian banks did not pass along all of the interest rate cuts on their mortgage lending. What they have done is improve profitability and reduced risk (owing to upcoming increased defaults) by widening their profit spread. This is despite the government of Canada explicitly stating that interest rate cuts (and a lower cost of capital for banks, capital which is also more readily available to them) are designed to help borrowers.

Eigen337 wrote:
One of the BETTER Big 5 !!!

So they did PASS ALONG ALL the interest rate cuts by the BoC !!!

Some people in these BBs were saying that some banks were NOT passing along the interest rate cuts !!!

This is first hand account personal observation.

Eigen337