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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 > Well moe
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Comment by jleer42on Oct 01, 2023 4:12pm
137 Views
Post# 35664121

RE:Well moe

RE:Well moeCPG does not have a debt problem. 

Yes, like most companies, CPG has debt. You can google leverage and find an expanation on how companies use leverage is to better the bottom line.

Specifically for 2024, CPG will be paying debt interest, paying down debt, and have greater than $1 billion in free cash flow. Not exactly a company with a huge debt overhang like you are implying. Expected net debt to funds flow for 2024 is 0.7x, sustainable by any math you choose to use.

I believe CPG is very investor friendly. You don't, which is totally fair, buy why don't you invest your time in a company which you believe is investor friendly? 
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