Veren Inc T.VRN

Adaptive rehabilitation

[Grandcentral]

Very pleased with Q2.
Acquisitions and debt reduction are top highlights for sure.
Very positive future hedging takes away substantial risk for the second half, and GUARANTEES two more great quarters - which is outlined to further reduce debt and return capital to shareholders - yes, eventually a div increase will come, but first strengthening the balance sheet.
The strategy is working to get CPG healthy for the future, and back in the game after the horrific car wreck Covid caused. Can't rush an injury. I completely agree with managements go plan.
GLTA

[Moernoney42]

LOL there is no way in hell that you are not an employee of cccpg. IR department? look at what sh has done to their site. two more great quarters? so we are heading to the low 3s or high 2s in stock price in Canadian funds? FML

[Grandcentral]

Simple math Q2- Adjusted funds flow totaled $387.8 million during second quarter 2021, or $0.66 per share diluted, driven by a strong operating netback of $39.87 per boe.   Q3,Q4,2022- Crescent Point currently has over 40 percent of its oil and liquids production, net of royalty interest, hedged for the second half of 2021 at a weighted average

[Chad123]

YAP, YAP, YAP..... Job well done, let's issue some shares for bonuses to ourselves...

[Moernoney42]

you understand that most of their gains and positive cash flows etc has come on the backs of shareholders right? they stole the dividend from us and we have received not a single benefit from that. they were supposed to be buying more shares back and lowering debt. instead, they bought shell assets and gave themselves millions and millions of bonuses. heck, they even have money to name hockey

[Redfoxy]

GRANDCENTRAL - you are an idiot!  When price of oil moves, you say that most of production is hedged and therefore no impact on CPG bottom line or share price.  Yes, you are right except that the share price keeps dropping regardless of what the price of oil is and regardless of what portion has been hedged. WTI at over $72 US and CPG is near 52 week low and heading to $4 or sub $4

[Grandcentral]

Hedging is what gives a company a bottom line. Oil prices are rising = future hedges rising = profits rising. 40% hedged is an industry standard, and works best over the long term. The 40% hedged into the future likely equates to likely 60% of Q2 total net income - the remaining 60% is weighted even higher to profit. Q2 was a good quarter - Q3 will be great - the math is there. GLTA

[Bpultra]

=============== well  that didn't take long here is our first poster..... WAIT TILL NEXT QUARTER...  what is that 9Q's now .. maybe close red today if oil tanks ? 

[Moernoney42]

yup BP. commie playbook. always keep looking into the future for that utopia LOL because if you were to focus on the present. you would notice that it is full of BS and would see that they are robbing you blind. so keep on keeping on. like the cccpg virus. social distance for 2 weeks and now we are going onto 2 effing years. see how it is done? f commies and socialists too

[Eigen337]

This post has been removed in accordance with Community Policy

[Moemoney42]

I must ADMIT that it is WAY BETTER than MEG !!! Yes and MEG has been caught in this downdraft as well since their Q2 report... like I say this malaise is industry wide.. and it sucks to be honest..!!!