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

Comment by FootballFan1on Jul 31, 2015 5:25pm

160 Views

Post# 23981584

RE:RE:RE:RE:RE:Homework time

BenZodiac wrote: It's pretty basic math. When the yield is 5% that equates to 23 cents per share. When the yield is 20% that also equates to 23 cents per share. The amount of money the company pays out doesn't change when the yield changes.

True, but you know what has changed or likely will change...?.....getting $50-$70 per barrel for the un-hedged portion of your production instead of $80-$100 per barrel.....entering into new hedge contracts at $50-$70 per barrel instead of $80-$100 per barrel........paying $0.23 per month on far more shares outstanding than was the case 6 to 12 months ago.......things are a lot different now re. the dividend and the likelihood of its sustainability going forward.......

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