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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 Montney, Shaunavon and Viewfield Bakken. Its Kaybob Duvernay is situated in the heart of the condensate rich fairway, Central Alberta, which provides low risk drilling inventory. Its Alberta Montney assets sit adjacent to its Kaybob Duvernay lands, possessing similar resource characteristics including pay thickness and permeability in the volatile oil fairway of the reservoir. Its Shaunavon resource play is located in southwest Saskatchewan. The Viewfield Bakken light oil pool is located in Saskatchewan.


TSX:VRN - Post by User

Bullboard Posts
Comment by sellthefarmon Dec 07, 2012 1:16pm
187 Views
Post# 20699509

RE: RE: RE: RE: RE: RE: RE: RE: RE: 135% POR

RE: RE: RE: RE: RE: RE: RE: RE: RE: 135% POR

When a company is making acquisitions the payout ratio is hard to calculate based on quarterly financial information.  It adds layers of complexity to figure out exactly what the current "run rate" of cash flow will be.  This is a prudent management team so I am pretty confident that the payout ratio is not 139% like Bakken is stating and you can bet there is no cut to dividends coming anytime soon.  I haven't spent the time to calculate the number so I could be wrong but none of the number of analysts that follow the company have what Bakken is stating and I'd put more faith in them than some guy posting on Stockhouse.

Look at the chart.  They've sold off like this multiple times over the past three years.  It;s just another opportunity for new shareholders to get in and old shareholders to average down.

Bullboard Posts