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Veren Inc T.VRN

Alternate Symbol(s):  VRN

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

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Post by drunk@noonon Nov 09, 2023 7:11pm
501 Views
Post# 35727274

Assuming 200,000 bopd production and 75 vs 80 wti I get

Assuming 200,000 bopd production and 75 vs 80 wti I get907 mill free cashflow using their 1.2 billion guidance at 80 wti. Assumed royalties and taxes would've knocked off 20% and so used 4 dollars vs the 5 dollar change, that's 800,000 day difference in cashflow and free cashflow. That's 15% free cashflow yield. Doesn't sound too bad, except for with a post aquisiition debt at 3.7 billion. That represents 4 years of free cashflow. I can find service companies with little or no debt yeilding 25% free cashflow. CPG isn't bad for what's our there, the trouble is the financial metrics of these o and g companies just aren't screaming buys at 75 dollar oil (especially when one never knows when the new york J's decide to flush the price down into the sixties.
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