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 > Forget $70.00 brent

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Comment by Kaiseron Aug 19, 2021 5:45pm

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Post# 33734983

RE:RE:RE:Forget $70.00 brent

Poor moe and his no knowledge pumps... back to the imaginary oil wells you go.

Moemoney42 wrote: I agree fellas.. the upside potential is incredible! Also the ability to be able to throw on some additiional hedges at good values will lock in prices for 2022 so there will be very little risk to the cash flow aside from maintenance of production.. and as stated with the new Duvernay assets, that's exactly the plan.. maintain production, lower costs, and collect the FCF! No doubt the big pension and equity funds are gonna want a piece of this momentum and cash flow.. I still stand by my prediction of a divi increase of 100% for the 3rd quarter 2021.. ;-)

Anschutz wrote: You're right S&F. Too many still believe however that shareholders asking for a dividend increase is too much, and that CPG needs to pay off all the debt first. It's akin to saying we are going to keep the country and world shutdown until there is zero covid. Prudent use and management of debt is a cornerstone of doing business. CPG may never truly ever be debt free just as covid will never be completely eradicated. The amount of FCF CPG and others generate at $60, $70, $80+ oil is simply stunning. A stampede of investors is coming. I firmly believe we have only seen early smart money coming back to the sector. The tidal wave of momentum is building. Dynastic generational wealth for investors will be the outcome.

soundandfury wrote: Lets start talking about $80.00 brent and $78.00 wti..........cpg free cash flow @$78.00 wti is 1.5 to 2 billion annually..........like that is enough profits to pay off more than half of cpg debt in 1 years time.