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

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Post by retiredcfon Dec 16, 2022 7:18am

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Post# 35175158

Panic-Proof Portfolio

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Crescent Point Energy Corp(CPG-T)

14/12/2022 at 07:00pm

Stockchase Research Editor: Michael O'Reilly A play that western Canadian oil prices can be sustained. The company can generate $1.25 billion in excess cash flow at $80 WTI. It announced a 25% increase in the base dividend for 2023 and an acquisition of prolific Duvernay assets. It trades at under 3x cashflow and under book value. Recent earnings support a ROE of 33%, while the company is aggressively retiring debt. We recommend a stop loss at $6, looking to achieve $13 - upside potential over 40%. Yield 2.8% (Analysts’ price target is $13.09)

Oil / Gas

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