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 > CEO on BNN

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Comment by JohnSPon Dec 11, 2022 11:56am

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Post# 35164680

RE:RE:CEO on BNN

Moe, my math is a little different:

1) Agree CAD700 mln FCF equates to CAD1.25 per share.
2) Less new higher div of CAD0.10x4=0.40 leaves CAD0.85 as discretionary excess cash flow.
3) 50% of discretionary ie CAD42.5 goes directly to shareholders in form of Share Buybacks and/or Special Divs.
4) The other 50% goes indirectly to shareholders via lower net debt acquistions etc.

Regardless where it all goes (BaseDiv + Buybacks + SpecDiv + NetDebt/Acquisitions), at FCF/Market Cap = 4 (albeit @ WTI=USD80) it's all good !!

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