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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 highalpha1on Jun 15, 2021 4:24pm
64 Views
Post# 33390206

RE:Next earnings and SP catalysts

RE:Next earnings and SP catalysts@Bombastic2018: I think that Q2 earnings will be solid, although as Moemoney42 pointed out a few days ago, there will be some costs in Q2 associated with the integration of the Kaybob assets, which CPG officially took over on April 1. However, I think that at today's WTI prices, Q2 will show just how much FCF this company is generating. Will CPG see its old glory (when it was trading at 9x earnings)? Probably not. But even if traded at half that multiple, CPG should move up nicely. If your ACB is in the double digits, then, a share price moving up to C$7-8 may not seem meaningful, however, if you took a position in this company over the last year, I am confident you'd be happy  with your returns. I bought back in, and took a large position relative to my investable assets, shortly after CPG reported Q1 earnings and dipped below C$5. A 15+% gain in a month's time ain't too shabby. But like LiquidOctupusV2, I think there is a lot more upside and I have not sold a single share since I bought back in.
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