Veren Inc T.VRN

CPG seems to be raining cash over the next year

[juvefooballclub]

The company issued FY-2021 guidance just the other day that remains essentially unchanged from earlier statements regarding Q-4 expectations. Production will be in the 108-112K BOEPD, at a liquids rate of 91%, and the capital budget is fully funded with $40 WTI. And, here is where it gets interesting and potentially accretive to earnings in the year to come.

[Moemoney42]

Now couple that with the real possibility if oil continues to rise, that they may be able to reverse the write down on assets to reflect a new asset value with higher oil prices and it will be off to the races with share price increases... ;-)

[ThatAlbertaGuy]

how do the /wallstreetbets kids do it ?   lol let the price climb :)

[Backinblack1000]

This post has been removed in accordance with Community Policy