Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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 JohnnyDoeon Jul 02, 2022 8:24am
358 Views
Post# 34797217

RE:Lash look at it this way?

RE:Lash look at it this way?
soundandfury wrote: You sell your house that you lived in for 40 years for $ 800,000.00.........your a happy camper right?.........but then you hear that that same house was sold a week later for $1.2 million..........this is basically what cpg did with its hedges.......imo........and you recently put new shingles on the roof to

that's not a good analogy at all. A better analogy is it costs you 20 bucks to make a pair of shoes and full retail price is 50 bucks. The shoes go on sale for 40 dollars and are sold. The transaction doesn't include a sale for 50 bucks with a 10 dollar offset for an unrealized gain. It simply includes a 40 sale against a cost of goods sold of 20. 20 bucks profit
in the oil industry realized prices are typically unstable so companies hedge to guarantee cash flow. They also hedge in some circumstances because lenders demand it to ensure the company can make its loan payments. Cdn oil and gas companies are on the verge of getting out of debt and we should see less hedging rolling forward. But cpg didn't "lose" money. They didn't make as much as they could had they realized the wti price on a hedged barrel. They lose "real" money when the netback is negative
<< Previous
Bullboard Posts
Next >>