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 > Don't think "Simply Wall Street's" report is helping today

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Post by rusty777on May 13, 2024 9:59am

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Don't think "Simply Wall Street's" report is helping today

Crescent Point Energy

CPG

Share Price

7 Day

1 Year

11.93

-1.2%

31.7%

New major risk - Financial position

The company's interest payments are not well covered by earnings.

Net interest cover: 2.8x

This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario.

Currently, the following risks have been identified for the company:

Major Risks

Interest payments are not well covered by earnings (2.8x net interest cover).
Earnings are forecast to decline by an average of 2.0% per year for the foreseeable future.

Minor Risks