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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 LiquidOctopusV2on May 30, 2022 1:24pm
227 Views
Post# 34717373

RE:RE:RE:RE:Realistically how much dividends can CPG pay in 2023?

RE:RE:RE:RE:Realistically how much dividends can CPG pay in 2023?I think the baseline dividend with a variable dividend on top of that would satisfy, at least, some of the investors with your perspective.  I also used to want the div to stay small, I preferred buybacks.  I don't worry about it now.  I'm confident in my position in this company.  I think they're conservative enough.  

JohnnyDoe wrote:
JamesT wrote: I rather they set it as a percentage of free cash flow. It is a good way to show that the share price is undervalued. If they do it by percentage of share price it will ensure the share price movement remain stagnet. 

GermanHerman wrote: My guess is that they will set the annualized divy at apx 5% of share price.  Assuming a $15 share price in 2023, that would be $0.75 per annum, or say $0.06 to $0.07 per month.  Lots of ifs.

 

but there again as a percentage of fcf the dividend is variable and hard to plan for. I'd like to see a plan laid out to zero debt and a clear dividend plan that states the price at which the dividend is sustainable. Look at CJ. They said they're paying 5 cents a month and the dividend is sustainable at 55 wti. When their debt gets lower, the dividend will increase. They'll likely get to 7 cents a month sustainable at low 50s wti price.
I'd like to see this kind of clear language from all the oil companies. I find the current dividend to be a bit of a nuisance. I don't own CPG because of the dividend but the dividend they're paying slows the process of getting to zero debt and them being clear with shareholders how much of a dividend they can pay and at what wti price the dividend is secure


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