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 > CPG acquisition pause?

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Comment by Anschutzon May 11, 2024 7:04pm

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Post# 36035501

RE:CPG acquisition pause?

LOL... until debt has been reduced by a couple billion and the new batch of investors believe a payday is in sight. Rinse and repeat.

Zipolitemexico wrote:
A couple of paragraphs from a CP article
....

On a conference call with analysts to discuss the company's first-quarter financial results Friday, CEO Craig Bryksa said the Calgary-based oil and gas company is happy with its current portfolio.

"We're going to take a good long pause as far as the acquisitions. We're happy with how things have come together here," Bryksa said.

"I wouldn't look for any near-term dispositions, further upstream dispositions, either."

RBC Capital Markets analyst Michael Harvey said in a note that while Crescent Point's quarterly results were better than expected, a higher valuation for the stock will depend on the company achieving "drama-free execution through 2024" as well as paying down debt.