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.

TSX:VRN - Post by User

Veren Inc > RBC 8$ PT now. still too low imo

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Comment by Anschutzon Oct 18, 2021 8:06am

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Post# 34016992

RE:RBC 8$ PT now. still too low imo

Agree. I think it will be a long time before we see oil at $55 or lower. Good luck everyone. With oil up again this morning we could be heading into a great week.

T-10 days to earnings and hopefully more good news about dividends and dare I say... a clear message from Bryska and board emphasizing their committment to "SHAREHOLDERS" rather than 'stakeholders'.

Moernoney42 wrote: October 17, 2021

Crescent Point Energy Corp.

Valuation Our estimate of CPG's NAVPS is based on a long-term crude oil (WTI) price of US$55/bbl, long-term natural gas (Henry Hub) price of US$3/mmBtu, and a discount rate of 8.5%. Our base case price target of $8 is based on a target multiple of 0.9x our base NAVPS. Our price target supports an Outperform rating.