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 > Maybe this stock's fair value is $5.53 at $73 oil.

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Comment by Marty57on Jun 29, 2021 11:45am

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Post# 33466118

RE:RE:RE:Maybe this stock's fair value is $5.53 at $73 oil.

I will be hanging on to my shares for a couple years and we'll see how things play out. IMO, the day to day noise of stock price ups and downs that we are seeing will be nothing compared to the impact of the tailwinds that blow in our favour:

7 years of underinvestment worldwide in oil E&P
Aging Fields in traditional oil producing countries (see Daqing, Cantarell, and Prudhoe Bay for a preview)
End of growth in Shale Oil production in the US... maybe even flat or declining production.
with TMX, significant pipeline access to tidewater for Canadian oil producers (finally!).
An ongoing need for oil in economies all over the world and the inability of alternative energy sources to fill the need

IMO, Oil price isn't going anywhere but up, and take a look and CPG cash flow even at current oil price. GLTA longs.