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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 FootballFan1on Jun 09, 2015 2:47pm
172 Views
Post# 23812236

RE:RE:RE:RE:Market Pricing in Dividend Cut to CPG...?

RE:RE:RE:RE:Market Pricing in Dividend Cut to CPG...?silkroad, actually I can think of a number of things that cost less today than they did in 2004.....TVs, computers, airplane flights, music.....the question is, what will the price of oil be going forward and, much like the items I mentioned, technology can be a difference-maker (i.e., continuously improving fracking techniques, fuel efficiencies, etc.). Now, obviously CPG can also take advantage of advances in fracking, for example. The concern I have with CPG is that they keep issuing equity and/or debt to grow their asset base while paying a generous dividend....a strategy that I believe is unsustainable unless oil prices increase significantly in the next year or two....again, I'm not going to pretend I know exactly what that price will be, but it has to be significantly higher than the price needed for more conservatively-run companies that don't pay the kind of dividend CPG does on their 452,000,000+ outstanding shares while simultaneously spending CapX to try and grow production, earnings, and cash flow to pay these dividends.
Bullboard Posts

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