Veren Inc T.VRN

Oil is over $70 US and CPG is under $5 Canadian

[Redfoxy]

this says it all.  Great company, being run by great people and pumped by great pumpers.
Oh yes, the price of oil has no bearing on CPG share price as most of production is hedged...how sorry is that explanation.

Guess I will wait for that dividend cheque from CPG and see if I can buy a box of Klenex to cry in.

[TrendSwapper]

Actually, every $1 US/WTI increase over a fully funded price of $40 US/WTI gives them about $35 million in excess cash flow. Do the math at this price!

[Jonny2fingers]

Forgive me if you will, but I didn't use a calculator...just some quick math on the back of a napkin...and I come up with $1,000,000,000.  For any illiterates out there, that's $1 BILLION...

[JamesT]

That's fine and dandy but since April 1st for every $1 US/WTI increase over the price of $62 US/WTI this stock's price decreased by 3.5 cents. 

[LiquidOctopusV2]

Which is how you know the market isn't buying rationally.  I don't trust any single analyst (maybe Eric Nuttall) but I do take analyst consensus seriously.  The price will go up.  The upside is huge. 

[Anschutz]

Who cares. If the only people making money are insiders then the government may as well nationalize the sector/resource.  At least then that $35 mil for every $1 increase is going into government/peoples coffer rather than private pockets. Management and boards need to sit up and take action by paying a dividend to attract more investors. With more investors sharing in the wealth it will be

[Tommy123]

This post has been removed in accordance with Community Policy

[LiquidOctopusV2]

For the remainder of the years I think the hedging is around 40%, so it's not most. 

[Redfoxy]

ok so its 40% so you missed the point that this is not reacting at all to price of oil if 60% is unhedged.  So now waiting for all the bloaters to wade in and say...hang in, this will move one day.  Of course it will.  As the saying goes, every dog has its day and this dog is long overdue.

[LiquidOctopusV2]

When the company is potentially rubbing up against a billion dollars cash flow, hedged or market price for WTI/b doesn't matter.  The market isn't reacting to the money.  I think people are still not confident in recovery from COVID19.  It's not just CPG that's trading at low levels.   

[Bpultra]

7 Day Return -9.5% CPG -1.4% CA Oil and Gas -0.2% CA Market ==========

[LiquidOctopusV2]

Ya, this sucks. 

[CdnOilObserver]

All Canadian energy companies are selling at a steep discount to where they should be at > WTI +$70.  This is the Trudeau discount - when you have a Federal government scaring away capital that is necessary to sustain industry. What these companies need to do is attract long term investors by returning capital to the shareholders through meaningful and signficant NCIB's  - 

[Tommy123]

This post has been removed in accordance with Community Policy

[LiquidOctopusV2]

FYI:  A source who comes here to tease people about Trudeau destoying the value of their investments claims to have special inside information on the timing of the Canadian Election. 

[Chad123]

What about the surprise carbon announcement that you stated on the Suncor board mr government whip?