Veren Inc T.VRN

Forget $70.00 brent

[soundandfury]

Lets start talking about $80.00 brent and $78.00 wti..........cpg free cash flow @$78.00 wti is 1.5 to 2 billion annually..........like that is enough profits to pay off more than half of cpg debt in 1 years time.

[JohnnyDoe]

The potential levels of fcf in 2022 is crazy. It's unprecedented. If we end up with sustained 80 dollar oil given today's cost structures in the oil patch, there's really no models to help you figure out where these stocks might go

[Anschutz]

You're right S&F. Too many still believe however that shareholders asking for a dividend increase is too much, and that CPG needs to pay off all the debt first. It's akin to saying we are going to keep the country and world shutdown until there is zero covid. Prudent use and management of debt is a cornerstone of doing business. CPG may never truly ever be debt free just as covid will

[Moemoney42]

I agree fellas.. the upside potential is incredible! Also the ability to be able to throw on some additiional hedges at good values will lock in prices for 2022 so there will be very little risk to the cash flow aside from maintenance of production.. and as stated with the new Duvernay assets, that's exactly the plan.. maintain production, lower costs, and collect the FCF! No doubt the big

[Kaiser]

Poor moe and his no knowledge pumps... back to the imaginary oil wells you go. 

[Moemoney42]

Yeah you wish.. if you saw my royalty cheques you'd puke in your corn flakes... LOL..

[Gassy166]

I like the other option better, that's enough fcf to repurchase at least half the shares outstanding. Your right though it's some serious cash, great problem to have. Cheers