RE:RE:TD has just updated its research on VRNAnshutz, good post and points.
I've taken the other side and averaged down :(, after listening to the CC (transcript available on SA)
: 1) On today's 15% share price crash, Craig replied overdone as 10k boe/d drop this year is 2k oil, 2k condensate, & 6k gas (which has minimal value).
2) Plug and Perf that gave poorer prod results, albeit at lower cost is used by competitors in region.
3) At end of Q&A: "We do have a bit of a near-term debt target where we'd like to be around CAD2.2 billion. And at that point in time is how we look to grow our return of capital (from curremt 60%). And I think it depends on the strip and how this plays out, but that would occur at some point in 2025." (Net debt is forecast at CAD2.5 bln at end of 2024).