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.

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Veren Inc > CPG's relative valuation

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Post by highalpha1on Jun 14, 2021 2:09am

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Post# 33380303

CPG's relative valuation

I think LiquidOctupusV2 posted about EN's table (copied below) on Friday. I want to underscore that should CPG be trading today at the same valuation (i.e., EV/CF) as it did at the start of this year on Janury 1, 2021, a $70 WTI price would transtate into a C$7+ share price. And, January 1, 2021, did not even account for the accretive acquistion of the Kaybob assets from Shell.

Relatively speaking, while ERF and TVE have also seen their trading multiple contract, CPG has seen by far the biggest drop. It also means, IMO, that it has the most ground to gain. These are some of the numbers that led me to sell out my positions in other energy companies to buy more CPG. GLTA.