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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 6:11pm
150 Views
Post# 32507859

RE:I know cpg should be 6.00 now?

RE:I know cpg should be 6.00 now?I agree that CPG should be trading way above $6.00 - much higher.  As so should most other companies in the Canadian Energy sector.  There is a massive discount being applied, or created through ingnorance of the current value in these companies.  I would agree that there will be a shift to a more "greener" future, it will take leaps ahead in not only developement and technology, but also agreement by countries such as China, United States, Brazil, etc.

I also see that these companies can be doing a much better job in making their case with institutional (long term) investors.

Crescent Point Energy specifically has an enormous outstanding float of shares, and at the current trading value, current interest rates, makes it extremely cheap to short.

The management of Crescent Point Energy must be much more aggressive in adding/creating shareholder value.  Typically this is the role of the Board of Directors - but they are inept.  CPG must immediately be clear on the credit pay downs, restart NCIB - or - return capital to their owners by way of increasing their dividend to at least a 3% payout, or a minimum of $0.12 per share
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