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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 > CPG very much undervalued
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Comment by Moemoney42on May 16, 2022 9:34am
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Post# 34685970

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

RE:RE:RE:RE:RE:CPG very much undervaluedThey've stated on the last CC that they will most likely hold hedges of 20-30% in 2023.. remember those new hedges will be much higher and I'm ok with the % allocated to 2023.. a little insurance is always a good thing.. I'd think they can slowly move into those hedges while monitoring price to capture some upside if they continue to rise.. ie 10% at a time laddered up.. JMHO..
Volkomm wrote: Can't really fault them for hedges made in hindsight. It was a very different environment when they were put on. With that being said what they do in the future matters. There should be no hedging in this environment, or only hedging to protect the capital for new wells and infrastructure. 

The only issue I have with this company is their share based compensation. Last quarter they issued almost as many shares as they bought. This cannot continue. 


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