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 > Questions...??

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Comment by Moemoney42on Feb 25, 2021 11:33am

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Post# 32658152

RE:Questions...??

Great questions... have you sent them to IR at CPG? If so, let us know what they have to say.

Anschutz wrote: Wow what a truly hated sector Canada's E&Ps are. Amazed not one question from analysts on the WCP call either. Looks like I need to take back an ounce of my disgust towards CPG management.

On a brighter note, the lack of analyst interest tells me that the share price increases we've seen over the last few months have not even scratched the surface of where prices are going. FOMO hasn't even begun to kick in.

Ok Bryska... time to put your money where your mouth is. Here's a free roadmap to success...

Personally start buying shares in the open market.

Initiate a REAL share buy back that results in a REAL reduction in the share count.

Get Ken crunching the numbers on how to give a little more dividend.

Make plans to cut management/board compensation even a tiny amount and communicate to stakeholders and staff that we're all in this together.

You guys REALLY REALLY need to send the market a message that you're serious about the future. Here are immediate actions you (and other E&Ps) can implement:

Executive and board need to show their support for the sector and company by immediately moving to purchase shares personally in the open market.

Set a goal of 3% for insider ownership of CPG.

Get Ken crunching numbers such that a dividend increase can be announced by Q1 earnings report.

At the AGM announce a compensation plan REDUCTION for management and board. Send the message that we are all in this together and we are building a stronger company and contributing to a vibrant Canadian energy sector. The reduction can be temporary. Objective is to send a message. Doing this would do a lot to change the optics and perception of the company.

Continue forgetting about the shareholders if you really don't care about us.... Intead think about the future of your country, sector, stakeholders and staff!