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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 Lash99on Jan 11, 2022 11:51pm
334 Views
Post# 34306661

RE:First redeem the 225 million$ senior notes

RE:First redeem the 225 million$ senior notesI like your thinking. So when oil hits $100 and say we average about $85-$88 US from June on , what does CPG do with the extra money ? Debt repayment ? Also , next year CPG will have hedged a large portion of the year by June. 1.2-1.5 billion in cash flow goes where ? An acquisition? Lower debt ? I figure we will be around .6-.8 billion at the very worst by the end of 2023 . Also , can anyone answer this , if you have 500 mil in cash , why would you do a NCIB. It's money in your pocket so why not create shareholder value by purchasing an asset that fits ? 
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