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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 Marty57on Jun 21, 2022 11:06am
452 Views
Post# 34771200

RE:RE:Take Advantage

RE:RE:Take AdvantageIt sure looks likely that CPG will bump up the dividend again when they announce Q2 results.  Debt is getting paid down very fast. My guess is around $300 million in Q2 and more in Q3.  Debt could be all but gone by this time next year, and then they will have all that cash flow and what will they do with it?  Give a big chunk to shareholders?  I want to be around when that plays out.  If you've stuck with this company thru the past several tough years, these are good times!
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