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 > CPG grossly under valued!

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Comment by filefishon Sep 18, 2022 8:40am

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Post# 34969706

RE:RE:RE:CPG grossly under valued!

CPG was purchasing $2 million worth of their stock daily in July. That dropped off to $900,000 daily in August.
Wonder if the reduction in share repurchases had something to do with Nuttalls decision to lighten his position. Does CPG have a variable share repurchase program that changes with the POO?

GnuckyT wrote: Makes no sense! CPG had a considerably higher upside according to him than all his stocks.

It had the highest target yet last time wasn't in his top three picks. Why? Because he knew he was going to sell when he was making that call.

jleer42 wrote: Eric getting called out was amusing, don't usually hear that.

Good to hear his reasoning, driven by his desire to increase cash as opposed to disappointment with CPG. Still likes it, just not as much as some of the other choices.

I'm still long with CPG, good luck to all!