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.

TSX:VRN - Post by User

Veren Inc > Oil is over $70 US and CPG is under $5 Canadian

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Comment by Chad123on Jul 13, 2021 9:30am

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Post# 33535145

RE:RE:RE:RE:RE:RE:Oil is over $70 US and CPG is under $5 Canadian

Tommy123 wrote: FYI: I just heard from someone I know that the writ will be dropped mid-August, and the federal election will be help in the second half of September. Plan your investments accordingly.

CdnOilObserver wrote: All Canadian energy companies are selling at a steep discount to where they should be at > WTI +$70. This is the Trudeau discount - when you have a Federal government scaring away capital that is necessary to sustain industry.

What these companies need to do is attract long term investors by returning capital to the shareholders through meaningful and signficant NCIB's - AND - a meaningful and signficant dividend. Why would you invest into a company and not get paid???

This sector is not a growth sector.

It is a "show me" sector. It is a deep value sector.

No one will be attracted to invest in this sector with out getting paid - and now - receiving a premium for investing in oil.

This whole "ESG Fad" is a load of cr@p. And in addition to the Trudeau discount, is keeping capital away from this sector. With a little more that 3 million shares traded today, with a float of 570 million - its only day traders and small players buying and selling this stock.

CPG needs to show a strong and improving Q2 financials and they need to surprise with their NCIB and a dividend increase. If they dont, it wont really matter where oil goes... no one will care... no one will invest in a company that doesnt pay its owners for the risk that is involved.