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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 > Actually moe
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Comment by Moemoney42on Aug 29, 2023 10:37am
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Post# 35609731

RE:Re: Actually moe

RE:Re: Actually moe
soundandfury wrote: I seen this situation before..........cpg buys back 16 million shares for lets say $150 million....then the pay out lets call it $500 million in dividends over last two years..........so this is capital that they really did not need to spend.........now they sell ND assets to make up for thisvloss of capital from divi and share buyback ....and note i only included the buyback for 1 year not 2...............eventually they are selling assets just to pay the divi and fund all the share buy backs..........this is called capital cannabalism where they rob peter to pay paul...........cannabalizes its own assets until nothing is left.

This theory of yours is the stupidist thing I've ever heard.. LMAO.. do you know what FCF is..??? do you realize all those issues you dreamt up are paid for in FCF... do you know what Capex is..?? have you even got a clue how to run an oil company... OBVIOUSLY NOT..!!!!
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