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 > Speculation on Q3 results

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Comment by LiquidOctopusV2on Sep 17, 2021 10:01am

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Post# 33876892

RE:Speculation on Q3 results

They also brought several higher cost wells online that will be reflected in Q3. Look for the netback metics to look worse but higher overall cashflow.

Marty57 wrote:
All JMHO... Because of higher realized prices and better hedges, net operating income will be a bit higher in Q3 vs Q2.

Maybe as follows:
NOI = 133 kbpd * 92 days * $38/bbl = $465 million.
Estimate Q3 capex to be around $230 million.
FCF = $465-$230 = $235 million which will go almost entirely to reducing debt.

Also speculate that NCIB will commence in Q4.