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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 ascii2on May 30, 2022 10:46pm
275 Views
Post# 34718852

RE:Food for thought..

RE:Food for thought..
After second quater results on 27th July PE ratio will further go down. CPG is firing on all four cylinders.
1. Good cash flow of approx 1.5 billion a year.
2. Debt remaining 1.8 billion (can be paid of in 15-18 months)
3. Hedges will be only 5% left by year end
4. 150 million dollar share buyback
5. Dividend payments approx 110-120 million dollars (10% of cashflow)
6. 10 billion dollars tax loss available
7. 2 billion dollars credit line.
8. Share count reduced by 13.5 million shares by April end
If oil price continues above 100 dollars average it will be a win win situation
sitting like a lame duck target for take over
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