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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 Moemoney42on Nov 03, 2021 9:26pm
141 Views
Post# 34084973

RE:RE:RE:Why a CPG double is a matter of WHEN not IF....

RE:RE:RE:Why a CPG double is a matter of WHEN not IF....I'd also like to add that everything is relative... to those who bought in near or at the lows as in myself, I'm quite happy with how the new management has brought this company through some of the toughest times in the sectors history.. and my nearly 280% gain in one year proves that.. just sayin..
CashHungry wrote: BigJoe, I will be kind to you because you seem a little unglued.

At the price point at which someone is williing to sell something intersects with the price someone is willing to pay for that something is that something's fair value.  This is called market pricing and in a capitalistic society it applies to everything from toilet paper to Porches and of course stocks.

So with regards to CPG, and as a holder of that stock, I place its value considerably higher than today's market price hence I will not sell and may in fact add to my position.  I believe the stock is undervalued relative to its intrinsic value (not market value) and have arrived at this belief based on fundamental analysis.  What is not incorporated in my analysis is sentiment, as sentiment is very hard to assess and even harder to predict.  At this point, as we all know, the sentiment towards oil stocks is lousy hence the extremely low valuations.  However, sentiment is never persistently stable and hopefully at some point will turn more in CPG's favour bringing the market price closer in anlignment with its intrinsic value of $12 or higher (with more optimistic assumptions).  As you mentioined, an NCIB and a big dividend increase could likely be a catalyst to help achieve this objective, but sentiment is fical and unpredictable, so no one can no for sure.  However, I am still confident that given enough time sentiment is almost certainly to shift in CPG's favor and that is why I say it is a matter of WHEN not IF CPG doubles.


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