Veren Inc T.VRN

CPG surprises analysts with question period (VN news)

[Vinnie3]

CPG surprises analysts with question period (VN nws 23 52 pm July 5,32018)

At an ad hoc impromptu press confence in Paris for the International 'Fill the lake' with oil  hedges Foundation, CPG officials declared the company adhered proudly to the choice important words prominently used at their May corporate presentation:

Per share focus and operational execution 

Innovation driven by knowledge-first culture 

One CPG  old timer who preferred to remain unidentified was seen masturbating in public drooling facing the front slide from 20 feet when that slide was read. Other officials distanced themselves from the incident and suggested  focus continue on (From the May presentation)
 the following:

Conservative hedging strategy
Top quartile netbacks and low G&A 

The whole room was held back by police who tried to calm all participants from performing illegal acts considering the increasing excitement as slides were presented..

Finally the evening ended with CPG management working on these things and fans outside were told not to stay there if they expected something like right there and then. The share price is a proper reflection of the market but those May presentation words did not produce the old magic of CPG on trading floors, who dont get it apparently..

Some analysts have concluded that not adjusting their book value in a future quarter may make the directors personally liable and could be misinterpreted by investors... because the market price its a very long time there now  very much lower now, other non criminal assumptions are to explored explained one expert,.and a 500 million dollar writedown is not out of the question besides a potentail 400 million hedging loss in the future quarters in the opinion of Vinnie star trader,

That would just be for quarter 2.