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 > CPG very much undervalued

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Comment by Moemoney42on May 13, 2022 3:03pm

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Post# 34682557

RE:RE:RE:RE:CPG very much undervalued

Looks like I was off on the numbers too.. the only reference I could find was this one..
:CALGARY, AB, June 7, 2021 /CNW/ - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX: CPG) and (NYSE: CPG) has completed the disposition of its remaining non-core southeast Saskatchewan conventional assets ("Assets"), which were previously identified as disposition candidates, for cash proceeds of $93 million ("Transaction"). As a result of the Transaction, Crescent Point also reduced asset retirement obligations ("ARO") by approximately $220 million, or nearly 25 percent of its ARO balance as at March 31, 2021. Proceeds from the disposition have been directed to the Company's balance sheet."

Moemoney42 wrote: Umm.. I think it was only $70 million of non-core..?

ascii2 wrote: Also CPG in its previous reports is trying to sell close to $700 million of non core assets. If and when that materializes 1.3 factor for dividend increases and debt wipe off will be much sooner than next year end. Company is in a very good position to buyback shares at tcurrent hrow away prices.Just lock it and throw the key away IMHO.