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 > New Press Release - Crescent Point Plans Name Change to Veren

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Comment by Anschutzon Mar 20, 2024 1:03pm

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Post# 35943157

RE:New Press Release - Crescent Point Plans Name Change to Veren

Is this really necessary? What is the estimated cost to convert all the signage, website, listing info, marketing/communications, etc? What is the cost for the marketing company to come up with a new logo, website, etc? Sorry but all I see here is higher admin costs for a year or two while they try to create a new brand. Did they really taint their image that bad with the HH deal that they need to rebrand. Instead, why doesn't the board and CEO focus on returning capital to shareholders. Give investors the reason they are looking for to invest.... an actual return. Investors could care less about their name. Respect shareholders by making the return compelling and investiment will flow in. Why does this company hate the idea of rewarding investors?

PressRelease wrote:
CALGARY, AB, March 20, 2024 /PRNewswire/ - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX: CPG) (NYSE: CPG) announced today that it intends to change its name to Veren Inc. ("Veren") and will seek shareholder approval for the change at its upcoming Annual and Special Meeting...read article.

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