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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 > Globe says Crescent Point cash flow improving
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Comment by CdnOilObserveron Jul 15, 2021 11:01am
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Post# 33549189

RE:RE:RE:RE:RE:Globe says Crescent Point cash flow improving

RE:RE:RE:RE:RE:Globe says Crescent Point cash flow improvingNuttall posted yesterday, and this I agree to - if at oil at its current price, today still WTI Oil over $70USD - if Canadian companies do not show NCIB's and dividend increases in a meaningful and significant way - shares prices will be decimated.

Currently, WTI is at $72USD and CPG share price at $4.63 - if this company is not 'backing up the truck' and buying back it's own stock, then why should long term investors?

I agree that the goals of management, (cash compensation), are not aligned with shareholder's interests, (share price & dividends).

At WTI over $70 there should be lots of room for $0.03CAD quarterly dividend AND a meaningful NCIB....  (5% NCIB.... give me a break - the float is over 560,000,000 shares)....
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