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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

Comment by Moemoney42on Nov 28, 2023 9:50am
220 Views
Post# 35756027

RE:RE:Top 5 Hammerhead Execs to get $70M

RE:RE:Top 5 Hammerhead Execs to get $70MACTUALLY... HHRS has not even been trading for 1 year yet.. the IPO ranged from ~$19 - $29.50 the first day of trading and closed at the low (give or take a few pennies) so using $19 as the market established IPO value the $21 take out price is only a ~10% premium.. 
Now it did trade down to ~$9 shortly after but at that point no one knew the real story behind their assets and CPG was still in the process of integrating their previous purchase and disposition of US assets.. so at that time HHRS wasn't even on the radar screen.. 
Hind sight is always 20/20 and we'd all be rich if we could trade based on past events.. but that's NOT reality.. :-/
Anschutz wrote:

It's a club and average shareholders aren't in it.

While CPG shareholders watch their paper gain in shareprice for the year completely evaporate and any increase in dividends likely stalled until likely 2025 (due to need to pay down new debt), we learn that CPG paid a 40% premium for shares in Hammer Head that were listed publicly less than a year ago. 

Wow. Simply Wow.

"Thank you sir, may I please have another."

Wuggy wrote: Whaaaaaaaa?

https://www.theglobeandmail.com/business/article-top-five-executives-at-hammerhead-energy-to-get-70-million-cash-payday/



 



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