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 > why do you assume i 'm short cpg?

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Comment by soundandfuryon Jul 29, 2021 9:32pm

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Post# 33630353

RE:RE:RE:RE:why do you assume i 'm short cpg?

Moemoney42 wrote:
soundandfury wrote:

LiquidOctopusV2 wrote: I"ve got to admit, I've looked aroudn for the this $360 million hedge loss number and I can't see where you dug it up. It's not unreasonable, so I'm not arguing it, but where did you find it?

I did notice that $360 million was their debt repayment this quarter.

soundandfury wrote: $imply because i talk about their 360 million hedge loss in 2021.........hmmm.......anyone who knows me knows i never short sell ever......besides if i did sell some of my cpg stock i certainly would invest it in a better dividend paying company

i simply took the hedge loss of 90 million for q2 and multiply by 4 for 360 million loss in 2021.........it could be more or could be less but i think q2 times 4 is a reasonable estimate

I don't think that is realistic as the hedges have been dropping off each quarter and the second half has the lowest hedges for the year.. ie Q3 & Q4..