Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Bullboard - Stock Discussion Forum Veren Inc T.VRN

Alternate Symbol(s):  VRN

Veren Inc. is a Canada-based oil producer with assets in central Alberta and southeast and southwest Saskatchewan. The principal activities of the Company are acquiring, developing and holding interests in petroleum and natural gas properties and assets related thereto through a general partnership and wholly owned subsidiaries. Its core operational areas include Kaybob Duvernay and Alberta... see more

TSX:VRN - Post Discussion

Veren Inc > Hedges
View:
Post by filefish on Sep 19, 2022 8:26am

Hedges

Good thing CPG is 45% hedged thru the remainder of this year.
The reduction in price of WTI has now brought their current hedges into play.
Hopefully, we will find out that they have added more at a decent price in 2023 since the last report.
Comment by filefish on Sep 25, 2022 5:46pm
I listened to the Q2 conference call again. This call was at the end of July. They stated that they were positioning hedge volumes at approx 20% of production in 2023 using collars. Given the steep decline in oil prices since then, wonder if they will reconsidered this %. A question to ask for sure at their next report. In the past their hedges were in the 40-50% range. I would feel a lot more ...more  
Comment by Anschutz on Sep 26, 2022 2:37pm
Agree with your comment that dividends should be monthly.
Comment by Carbonbull on Sep 26, 2022 2:38pm
Latest presentation say they have 20 percent hedged in quarter 1 and 2 , suspect that is higher now , paticularily good hedges in 2nd quarter locking in higher prices
Comment by filefish on Sep 26, 2022 3:42pm
Yes, they are at 20% as of Sept presentation with floor at US$68 in 2023 Q1 and US$81 in Q2. We can only hope more were added since then. That should provide a cushion to the stock price decline. Meanwhile the share repurchases have declined drastically and this has removed some of the daily price support.
Comment by Marty57 on Sep 27, 2022 10:17am
Filefish, I have to disagree with you on hedging for 2023.  My hope is that CPG does not increase their hedged volume next year.  And especially do not enter into hedges now that prices have spiked downwards.  The supply demand situation for oil is such that oil prices will likely be very strong in 2023.  IMO it is better to take your chances with market price for the great ...more  
The Market Update
{{currentVideo.title}} {{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >

At the Bell logo
A daily snapshot of everything
from market open to close.

{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}{{currentVideo.intervieweeTitle}}
< Previous
Next >
Dealroom for high-potential pre-IPO opportunities