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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 Moemoney42on Oct 07, 2022 9:56am
340 Views
Post# 35011959

RE:CIBC Notes

RE:CIBC Notes

WTI now over $90 USD should bode well for that price target.. ;-)
Crescent Point: Crescent Point achieved its near-term net debt target of $1.3B earlier than anticipated, with proceeds from the sales of non-core Saskatchewan Viking assets and East Shale Duvernay assets. Beginning in Q3/22, the company will target the return of up to 50% of its excess discretionary cash flow to shareholders through a combination of share

repurchases and special dividends. On strip pricing, we expect the company to generate ~$727MM excess discretionary cash flow in H2/22 (suggesting ~$300MM is available to accelerate capital return to shareholders).

CIBC's target is $16.00. GLTA

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