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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 filefishon Jun 24, 2023 10:18am
279 Views
Post# 35512730

RE:$3 billion debt ,mostly high interest credit facility

RE:$3 billion debt ,mostly high interest credit facility Its not like they were trying to repeat the nightmare, its that oil company management  always seem to get illusions of grandeur during the good times and have very short memories of the bad times. We shareholders remember when CPG was .62/sh and burried in debt. They had their chance to completely deleverage the company but instead went in the opposite direction. We all know that the oil market can quickly turn lower and  bite you in the a** . Its hindsight now, but in planning to do the $1.7bil acquisition, all of that production should have been hedged to insure the new assets were accretive.
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