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.

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Veren Inc

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Post by bumblebee99on May 07, 2018 10:25am

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Post# 27991017

Extra cashflow

For every $10 increase in WTI, CPG makes another $500 million.

CPG’s numbers are based on $60 WTI, so what are they going to do with the extra $500 million + in cashflow this year?

Will it ALL go towards debt repayment? CPG needs to make this clear, they’ve been a bit muddy about this.

$60 WTI covers all expenses, capex with a few percent growth, and the dividend. Everything over and above that is gravy.

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