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 > Rough Numbers To Keep In Mind

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Post by Barkison Jun 07, 2022 9:40am

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Post# 34736587

Rough Numbers To Keep In Mind

Market Cap is ` $7B Cdn at this stock prices level.

Add $1.5B debt or so to get a Enterprices value ~ $8.5 Billion CDN

If oil stays around $100 US or $130CDN then should earn about
120,000 * 130 * 365 = $6 Billion in Revenue on liquids per year going forward.

Some liquids are priced lower than WTI but I am also using a lower WTI price of $100 US.

Half of the $6Billion (at least) will flow right to the bottom line which is also non-taxable for at least
2 years or so.

If it plays out close to this they will be debt free in a few months and able to do large dividends or buybacks.

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