Veren Inc T.VRN

Re: Some high volume days

[soundandfury]

Cpg 20.00 can be achieved by share buybacks...........once cpg reaches 10.00 and is paying a nice 3% to 5% dividend they can buy back half the float over lets say 10 years time span.........this will effectively guarantee 20.00 per share and possibly even higher......fewer shares mean higher dividends per share and more cash flow per share........cpg must learn to take share buybacks more seriously and not for the purpose of issueing more stock....imo

[highalpha1]

@soundandfury: As my other posts would indicate, I am very bullish on CPG. However, I don't think we will ever hit $20. I will just address one point you made. CPG's current asset base probably does not have much more than 10 years of inventory depth using their current output metrics (i.e., 132k to 136k boe/d). CPG managed has disclosed, for instance, that the newly acquired assets in the

[Speedy]

8 years of pain in this one for me. Started buying in the first OG crash in 2014. I've been trying to average down from initial buy in around 18.00. It's a 7.40 break even for me. Take me there and I'll happily walk away. I don't think Canadian OG has much of a long term future, between Trudeau and Biden there's allot of hatred towards it. Realestate is the only true

[highalpha1]

@Speedy: You win some, you lose some. An average cost base of C$7.40 is not terrible if you started buying at $18.00. We may very well hit your breakeven later this year. I think that if you're going to be in the O&G sector, this is among the best companies (on a risk-to-rewards basis) to be in.

[Backinblack1000]

This post has been removed in accordance with Community Policy

[LiquidOctopusV2]

I think when the dividend does come in, if it starts at I'm open to criticism on this opinion.  

[highalpha1]

@LiquidOctopusV2: I think your comment fails to understand the orientation of CPG's new management. Craig B. and his team are uber conservative. CPG's primary objective is to delever. Once they hit a D/CF ratio of less than 1.5x, CPG will return money to shareholders, including in the form of dividends. However, I think you're dreaming if you think CPG will have a 5% dividend anytime

[LiquidOctopusV2]

Thanks for this. They are conservative.  And I'm not expecting anything quickly.  But what are they going to do with all the cash when they aren't going to be aggressively seeking expansion?  I'd personally prefer an aggressive share buyback program to a dividend.  We'll have to see.