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 > CPG April Presentation

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Post by Marty57 on Apr 02, 2021 1:08pm

CPG April Presentation

... can be viewed on the CPG website now. One slide caught my eye. Slide says that if WTI is $70 in '21 and '22 then the Excess Cash Flow is likely to be $750 and $925 million in those two years respectively. In that scenario, the majority of net debt could be paid off in 2 years and then maybe a big part of the future excess cash flow could start flowing to shareholders in dividends and share buy backs. If you agree with Eric Nuttalls view on the oil market over the next few years, then you must concede that $70 WTI is a reasonable forecast for price. For the long term investors in CPG ( and Canadian Oil producers in general) the past 6 years have been horrific, but the future is starting to look a lot brighter. GLTA longs.

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