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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

Post by Marty57on Apr 02, 2021 1:08pm
387 Views
Post# 32932262

CPG April Presentation

CPG April Presentation
... can be viewed on the CPG website now. One slide caught my eye.  Slide says that if WTI is $70 in '21 and '22 then the Excess Cash Flow is likely to be $750 and $925 million in those two years respectively.  In that scenario, the majority of net debt could be paid off in 2 years and then maybe a big part of the future excess cash flow could start flowing to shareholders in dividends and share buy backs.  If you agree with Eric Nuttalls view on the oil market over the next few years, then you must concede that $70 WTI is a reasonable forecast for price.  For the long term investors in CPG ( and Canadian Oil producers in general) the past 6 years have been horrific, but the future is starting to look a lot brighter.  GLTA longs.
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