Veren Inc T.VRN

why do you assume i 'm short cpg?

[soundandfury]

$imply because i talk about their 360 million hedge loss in 2021.........hmmm.......anyone who knows me knows i never short sell ever......besides if i did sell some of my cpg stock i certainly would invest it in a better dividend paying company

[Trooper01]

I was talking to moermoney he is busy covering this morning

[Bpultra]

=========== Look kid .. if you have been here more than a week you would know he is not short... do some DD and relax,,, 

[Trooper01]

And u are?

[Bpultra]

========= Kid I have been long before your were born... 

[Trooper01]

Yeah sure

[Moernoney42]

BP LOL the balls on this kid eh? man. thanks for the laughs. I am going to go through all of your posts and give you thumbs up you deserve to have a higher like count than the little teapot weasel faced maggot nomoney LOL problem with these kids today. history only begins when they say it begins. PS how many shares you have pooperscoopertrooper?

[Moernoney42]

BP leave the kids alone LOL public education has destroyed their critical thinking skills let him have his fun. I am no snowflake. unlike the GM hoemoeNOmoney

[Bpultra]

Yeah a blind squirrel found a nut at the bottom of a tree and thinks he is set for winter.. geez .. but that being said guessing the shorts got some of thier 22 mill short shares filled and are letting it run a bit... startting to see the chatter build on price targets other than tudor ... who ever they are holding $6 still ... think that is the lowest I have seen but maybe someone can correct me

[pantonor]

This post has been removed in accordance with Community Policy

[LiquidOctopusV2]

I"ve got to admit, I've looked aroudn for the this $360 million hedge loss number and I can't see where you dug it up.  It's not unreasonable, so I'm not arguing it, but where did you find it?  I did notice that $360 million was their debt repayment this quarter. 

[soundandfury]

i simply took the hedge loss of 90 million for q2 and multiply by 4 for 360 million loss in 2021.........it could be more or could be less but i think q2 times 4 is a reasonable estimate

[Moemoney42]

I don't think that is realistic as the hedges have been dropping off each quarter and the second half has the lowest hedges for the year.. ie Q3 & Q4..

[soundandfury]

actuall thats not true.........as the price of oul climbs higher the hedge losses get worse not better and cpg is hedged 40% for remainder of 2021

[Moemoney42]

Yes but going by memory I beleive Q2 was nearly 60% hedged and Q1 might have been higher.. so to use Q2 x 4 wouldn't be accurate.. but my memory isn't what it used to be.. so I'd have to look at the financials to confirm my suspicions.. :-/

[LiquidOctopusV2]

It's probably not that far off but it will be less because the hedges decline every quarter.  Q2 2022 is down to about 15%.  I like the hedges so much before the oil price ran.  Now it's just one of those things that the debt make necessary. 

[soundandfury]

thats true.......but dont you think if you hedge at the bottom of the market you should also be hedging at this oil price.......real hedges lock in gains not losses

[LiquidOctopusV2]

Hedges mitigate risk.  We're still paying for previous aquisitions.  Here is the postitive rub, the company says they would like to the cash portion of the Duvernay aquisition payed off this year.  That brings us in to that golden 1:1 cashflow/debt ratio.