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 > Hedging

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Comment by riskion Nov 11, 2021 10:55pm

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Post# 34118055

RE:Hedging

Analysts were full of praise for their hedging in 2015/2016. Maybe that's what they see themselves as now. A company that hedges a lot.

1970Craig wrote:
Don't normally post on this board but I was doing a little research on CPG. Was thinking of taking a few shares. I looked at there presentation and I have to ask if anyone can tell me why they have close to 50 percent of there production hedged for next year. This year it's more. I saw in CDN dollars some of it was in the 80s.

The only thing that seems to hold company's back seems to be hedging losses. Can anyone explain why so heavily hedged?

Maybe it's a good thing ?

Good luck ......see lots of comparisons between WCP and CPG.

WCP had less hedging , less debt , mind you a higher share count with less production.
Don't see any Carbon sequestering with CPG.
Don't get the hedging. That is massive. If oil goes to 100. This company is getting the short end of the stick.

big time.