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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 May 15, 2022 3:19pm
286 Views
Post# 34685045

RE:RE:RE:CPG very much undervalued

RE:RE:RE:CPG very much undervalued

I appreciate that this is only an opinion ! Now for facts .The day the Bryksa group took over . Let's summarize .... debt down from $4.45 billion to $1.8 billion to date and dropping , dividend from .36 per per share per year that was unsustainable at the time to basically nothing and now we are at .26 per share per annum. Sold non-core assets and then purchased the asset from Shell in the Duvernay. That is doing very well by the way. Now if you are concerned about the short term , yes they could have done better for the shareholders. However where we are today The CPG Team are building a monster , we will have low debt , high dividend payouts and share repurchases. I'm sure if the cash was there  , debt would have been lower and dividends would have been higher . Also this company has approximately $10 billion in its tax pool and will not be paying taxes for at least a few years. Oh and the hedging , I don't care for the amount they do but when you start talking hedges with collars and so on ... The Company feels they are necessary , so who am I to argue ! Go guys , you are doing great ! Glta. Lash
 

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