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 > If you can't have a decent dividend @74.00 wti

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Comment by highalpha1on Jun 26, 2021 7:56pm

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Post# 33456725

RE:RE:If you can't have a decent dividend @74.00 wti

@LiquidOctupusV2: There is an error in your post. CPG management is not targeting 1x FCF to debt (this ratio would be insane). They are targeting 1x D/CF.

What I am poiinting out is that cash flow (CF) is a whole different thing than free cash flow (FCF).

Appreciate your comments nonetheless.

LiquidOctopusV2 wrote: The company has said that they wanted to achieve a 1:1 FCF vs debt ratio before increasing the dividend. With $74 oil, if it holds, that should theoretically happen this year. I had estimated that to happen in in Q1 or Q2 next back when oil prices were lower. The recent rapid increases in the price of oil have really altered the landscape.

soundandfury wrote: When can you have a decent dividend?