Veren Inc T.VRN

Alternate Symbol(s): VRN

Energy Oil & Gas E&P

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

Veren Inc

Bullboard Posts

Post by teshon Nov 07, 2013 4:01pm

289 Views

Post# 21886265

What am I missing?

This post is similar to a post I wrote for another energy company but I would have the same question regarding CPG. Arc Resources (ARX) just came out with their Q3 results. FFO of $0.71 ps, POR of 142% including Q3 capex (net of asset sales), 62% nat gas and 38% oil and liquids mix, 94,500 boe (down 2% from last year YTD however Q3 is up 6% from last year). How does ARX trade at 10.4 x FFO whereas CPG is now only around 7x? What am I missing?

Bullboard Posts

Paramount Resources signs $3.32 billion asset sale