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

Bullboard Posts

Comment by LoneWolf3579on Mar 10, 2020 12:59pm

168 Views

Post# 30789101

RE:Cost per barrel

The cost per barrel for CPG in 2019 was $22.53, so anything above $23 is positive netback for CPG. The reason CPG wanted $46 per barrel price was also for all its Capex, NCIB, Debt reduction and Dividends. CPG is very cash positive and also has flexibility in its budget. So at this price CPG is making money at an operational level. I am amazed by some of the baseless and factless garbage spewed on this board
Here is the source
https://www.crescentpointenergy.com/sites/default/files/cpg-ye-2019-mdafs-final-small.pdf

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