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 mercatoson Apr 26, 2019 4:55pm

299 Views

Post# 29677093

Eric Nuttall....Did he just let the cat out of the bag?

In his BNN interview he talks about upcoming asset sales and mentioned that CPG will take proceeds of infrasturre and production and take 20 to 30% of proceeds aprox $600M and buy back shares.

Well I think the market is only expecting 1 Billion in asset/production sales this year.
Could he have shared something that CPG has not shared with retail community?

If CPG can execute this as Eric mentioned then we are easily below 1.5x debt/cash with an easy multiple of 12-16 range...long CPG

See the clip around 2:40 mark
https://www.bnnbloomberg.ca/investing/video/eric-nuttall-s-top-picks~1669435

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