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 > Hedging

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Comment by Bpultraon Sep 13, 2021 10:09am

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Post# 33848045

RE:Hedging

UnderTheRadar wrote: How does everyone feel about their 2022 hedging? 30% hedged with flexibility

Crescent Point’s preliminary 2022 budget is expected to generate significant excess cash flow, after dividends, of approximately $625 – $875 million at US$65/bbl – US$75/bbl WTI. Crescent Point has approximately 30 percent of its oil and liquids production currently hedged for 2022 and will continue add further protection in the context of commodity prices.

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I am ok with that ... some hate hedge but 30% hedged seems alot lower than their last amounts... you need that safe income.. nothing wrong IMO ... 50% not good but 30% is a good IMO .. I think we have to look at NG there has been a big uptick and that is just extra on the extra right now

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