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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

Comment by CdnOilObserveron Feb 08, 2021 11:48am
105 Views
Post# 32501105

RE:RE:RE:as suspected ..shorts shorts

RE:RE:RE:as suspected ..shorts shortsManagement must take steps to ensure shareholder value is created.  They can pay down debt, they can resume the NCIB and reduce shares outstanding, they can increase the dividiends and pay the owners of the company.

Management must also ensure that they are getting in from of instutional investors to promote their value, as all Canadian Energy companies should be doing.  This sector at best is a 50% discount.

The Board of Directors unfortunately are inept.  I suspect they provide little oversite.

I would suspect that at some point in time this company will be the focus of a stink bid, there will be a U.S. or other foreign buyer looking for good assets at a 50% discount.
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