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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 BigJoe778on Dec 16, 2021 8:23pm
192 Views
Post# 34239078

RE:RE:huge amount of shares at the close

RE:RE:huge amount of shares at the close Possible that they've started to buy back shares but I don't think the amount they've committed too is going to have a huge impact. I believe they said around a hundred million dollars worth which is roughly 17 million shares at the current price. It's a start but personally I don't think lowering the number of outstanding shares from 580 million to 563 million will have that much of an impact. That many shares outstanding still makes the stock an easy target for shorts and we're probably still a ways away from seeing any real live from the market imo. 
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