Veren Inc T.VRN

Re: Cpg 2023 hedges

[soundandfury]

What would you do joe? I would definately lock in 50% of 2023 production at current price..........this would guarantee amazing cash flow and most important would allow a huge increase in the current dividend due to reduced future risk............they will easily make +$2 billion adjusted funds flow in 2023.............cpg should be paying .10 per month divi right now ....imo

[Moemoney42]

I think 35-40% for 2023 would be enough to ensure good profitability.. these strong energy prices could be around for a while.. especially if we can get out of this covid funk we've been in for 2+years now.. although the minute there's talk of a cease fire in the Ukraine, the knee jerk reaction will be a crude price drop, but the reality of a lack of investment will be the underpinning

[BigJoe778]

Obviously I don't like their current or past hedges and I'm certainly no expert haha. But since you're asking.........with the current world outlook on oil and the lack of new investment it seems pretty clear we're in for a sustained bull market. I would've followed CVE and MEG and went unhedged for 2022 and at this point 2023 as well. They're making plenty of cash to reach

[jleer42]

I know for some companies hedges are required due to debt covenants, but I don't have CPG specific information. There are unhedged companies out there, MEG and JOY of the top of my head.