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 Fundipon Dec 07, 2017 3:22pm

141 Views

Post# 27112209

RE:RE:RE:RE:RE:In 20 years of investing, never have I seen what I see now

torotoro wrote: I would far sooner they pay down debt.
Buy backs are hit and miss.
Often they result in little or no impact on the share price.
I'd sooner see the divi go by the wayside, pending debt stabilization.

Debt is at low interest rates. Cash flow can easily cover debt. The buy back will buy back equity that is trading at 50 cents on the dollar.

It will raise EPS, cashflow per share, and production by share. All important metrics.

Sell high, buy low.

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