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.

TSX:VRN - Post by User

Veren Inc > Moe free cash flow is over and above cap ex

<< Previous

Bullboard Posts

Next >>

Comment by Moemoney42on Jan 14, 2022 1:19pm

208 Views

Post# 34317811

RE:RE:Moe free cash flow is over and above cap ex

Don't forget IMO is now looking to sell off some Duvernay assets.. wouldn' surprise me to see CPG pick up a few stategic locations... remember they are partnered with an undisclosed operator in the area already, to get started in that field... could it be IMO.. there's a high probability IMHO... ;-)

Moemoney42 wrote: Umm... I realize that... but when its allocated to maintaining production its no longer FCF.. so maybe I should have stated CF instead of FCF but my point remains the same... they will need to replace depleted reserves continually.. this will in effect, affect FCF.. especially if they do more acquisitions to do it..

soundandfury wrote: Cap ex is what is spent to maintain production levels..........free cash flow is the amount left after so cap ex does not reduce free cash flow.......unless they increase the cap ex budget