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 > moemoney:management using $75 dollars for 5 year outlook

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Comment by DrBill1on Sep 15, 2023 10:25pm

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Post# 35639429

RE:moemoney:management using $75 dollars for 5 year outlook

Drunk@noon, thank you, you made me think. Why? Why, is management low-balling so much. As they are dealing with the future, a little safety margin can be understood, but so much.

I went back over the last 2-3 years. Guess what is missing: Hedging Strategy.

In prior presentations (for a long time) management had a Hedging Strategy chart (or paragraph). Not even discussed now. I wonder: did they screw up the Hedging Strategy and are trying to cover it up, leaving a lot of flex to cover poor results? If so, they may easily need a $5/barrel cushion.

I have no proof that this is the case, but I am very suspicious, because this projection smells.