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 > Eric Nuttall on BNN says.............

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Comment by Jonny2fingerson Jun 30, 2022 1:10pm

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Post# 34794290

RE:RE:Eric Nuttall on BNN says.............

I look forward to seeing their plan for FCF going forward. I understood that they would be releasing that imminently.

Once they meet their debt target of $1.3B, I believe they plan to decrease % of FCF going to debt and increase % going to shareholders (through share buy-backs and increased dividend).

The question is, by how much and how does it vary based on $WTIC? Their plan should answer these questions.

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