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 > Hedges

<< Previous

Bullboard Posts

Next >>

Comment by Anschutzon Sep 26, 2022 2:37pm

131 Views

Post# 34987217

RE:RE:Hedges

Agree with your comment that dividends should be monthly.

filefish wrote: I listened to the Q2 conference call again. This call was at the end of July.
They stated that they were positioning hedge volumes at approx 20% of production in 2023 using collars.
Given the steep decline in oil prices since then, wonder if they will reconsidered this %. A question to ask for sure at their next report. In the past their hedges were in the 40-50% range. I would feel a lot more secure with my CPG investment knowing that they have a significant hedge book next year to protect our returns with sustainable dividends and share buybacks. As far as dividends, would really like them to pay monthly instead of quarterly.

filefish wrote: Good thing CPG is 45% hedged thru the remainder of this year.
The reduction in price of WTI has now brought their current hedges into play.
Hopefully, we will find out that they have added more at a decent price in 2023 since the last report.