Bullboard - Stock Discussion Forum 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... see more

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TSX:VRN - Post Discussion

Veren Inc > WCP > $6.00

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Post by CdnOilObserver on Feb 25, 2021 9:53am

WCP > $6.00

I recall a time when CPG traded > WCP.

I think the difference here is the risk that is associated with the CPG management and BoD oversight.

I reiterate - a dividend is needed to show shareholder value. 3% on a $4.00 share price is $0.12 annually. At WTI $50.00 this is reasonable. At WTI $60, CPG shares will lag.

I don't believe that we will hit WTI $70 - there is too much excess capacity with OPEC and OPEC+, not to mention that the US shale producers will be back in the game soon. I could forsee WTI in the $60 range +/- $3.00USD.

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