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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Comment by pppon May 12, 2018 8:04pm

346 Views

Post# 28023056

RE:RE:RE:This was Q2 2014 share price 44 dollars oil at 100 dollars

Cpg can stay level at 63 WTI. with poor spreads on WCS. Q1 numbers. This means pay the div and grow about 5%., No free Cf. At 73 they have 250 mil FCF this includes their hedges. Page 5 of the presentation states for every 5 dollars WTI moves up, they get 250 mil extra before hedges. We know they are hedged 50% of their oil for 18, so they need 10 dollars to do 250 mil. At 80 they do about 500 mil. IMO 80 dollars for 2019 is not out of the question..

Plus for 19 they have less bbls hedged 55000 compared to 74,000 for 18.

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