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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

Comment by CdnOilObserveron Feb 08, 2021 6:11pm
167 Views
Post# 32507859

RE:I know cpg should be 6.00 now?

RE:I know cpg should be 6.00 now?I agree that CPG should be trading way above $6.00 - much higher.  As so should most other companies in the Canadian Energy sector.  There is a massive discount being applied, or created through ingnorance of the current value in these companies.  I would agree that there will be a shift to a more "greener" future, it will take leaps ahead in not only developement and technology, but also agreement by countries such as China, United States, Brazil, etc.

I also see that these companies can be doing a much better job in making their case with institutional (long term) investors.

Crescent Point Energy specifically has an enormous outstanding float of shares, and at the current trading value, current interest rates, makes it extremely cheap to short.

The management of Crescent Point Energy must be much more aggressive in adding/creating shareholder value.  Typically this is the role of the Board of Directors - but they are inept.  CPG must immediately be clear on the credit pay downs, restart NCIB - or - return capital to their owners by way of increasing their dividend to at least a 3% payout, or a minimum of $0.12 per share
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