Zechner's CommentsHe and his family also own the stock personally. GLTA
Veren - TSX
Veren’s recent underperformance has resulted in an improved entry point as the market continues to underappreciate the potential free cash flow growth, the value of asset optimization, and how much the overall business has improved since 2018. It has a completely revamped asset base, which is now 75 per cent concentrated in high-impact plays (Montney/Duvernay), long-term growth, inventory depth, return of capital, and modest financial leverage and trades at only 2.8 times operating cash flow multiple.
TOP PICK
Veren(VRN-T)
01/10/2024
Trading under 3x operating cash flow and 15x free cash flow yield. They were always a big Bakkan player, but grew by acquisition then diluted too many, but recent years are focussing much more. This is nothing like the Crescent Point Energy of old. It's more focussed and productive and trading at a low valuation.
(Analysts’ price target is $13.85)
0il & Gas
John Zechner
$8.680
Owned