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 > Motley Fool Article Featuring CPG as $10 stock

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Comment by LiquidOctopusV2on Jun 25, 2021 10:13am

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Post# 33449975

RE:RE:Motley Fool Article Featuring CPG as $10 stock

They've already outlined the timing of that plane 1:1 debt vs FCF. We'll wait for what Q3 will bring. I think FOMO could drive it sooner than the material catalyst.

Bpultra wrote:
They need to give money back to the shareholder .. end of story.. trying to break $6 ... never mind $10
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Crescent Point (TSX:CPG)(NYSE:CPG) went from $47 per share in 2014 to below $1 last year at the worst of the pandemic plunge. Investors who had the courage to buy at the low are already sitting on nice gains. Those who missed the big bounce are searching for attractive entry points on the stock.

Crescent Point used to be an acquisition machine and a dividend darling before the bottom fell out of the oil market. After several years of non-core asset sales, the company is doing new deals. In the first quarter of the year, Crescent Point bought assets in the Kaybob Duvernay region for $900 million. The deal is immediately accretive and boosts Crescent Point’s 2021 excess cash flow generation to $650 million at average WTI oil prices of US$65 per barrel. Crescent Point finished Q1 2021 with net debt of roughly $2 billion. As long as oil prices hold or extend their gains, the company could easily wipe out the debt position in the next three years.