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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
Post by pppon May 12, 2018 10:35am
292 Views
Post# 28022277

Nutt LOL

Nutt LOLyou can't believe a word this guy says. So on march 15 he had this to say.

Dont buy

They have lingering long-term issues though it's no longer a hated stock. They don't grow enough to attract capital, at 7% with a dividend. Midcap oil companies: investors don't care about them. All such companies should stop drilling and buy back stock. CPG will likely sell some assets and re-deploy their cash.

April 17 Buy  price 9.84

Crescent Point Energy is in play at the moment, with a lot of shareholder activism. If you set that aside and look at the underlying value of the company, it is wildly undervalued. The company trades at 3.4 times Enterprise Value to Cash Flow (EV = Market Value + Debt) / Cash Flow. Compare that to booked reserves and they have proved, developed producing reserves (wells onstream) of 5. The price is so low because there is a historical dislike of some of the management team, partially because they issued paper in the past when they said they weren’t going to. That is significant portion of his portfolio.

 


Bullboard Posts