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Veren Inc T.VRN

Alternate Symbol(s):  VRN

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

Comment by Marty57on Oct 20, 2021 1:00pm
163 Views
Post# 34027681

RE:RE:Not gonna fight this for now

RE:RE:Not gonna fight this for nowNonCredSrc... I hope you are right on the valuation reset with 3rd qtr results, but I have my doubts.  With Q3 results they will likely show great economic performance with maybe $200 million FCF (or more!) and all that will be used to pay down debt.  Paying down debt is a necessary step, but it doesn't excite investors as much as NCIB or dividend increase.  So while the company will be a fair bit stronger financially with Q3 results, it might not do much for share price.  But that good economic performance looks likely to continue, for Q4 definitely and probably much longer.  As good performance stacks up quarter after quarter, more of that FCF will start making its way back to shareholders via Dividends or NCIB.  Shareholders still have to be patient and not give in to frustration.  Good Luck.
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