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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Veren Inc > Cpg hedges

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Post by soundandfury on Feb 24, 2022 7:03pm

Cpg hedges

As of november 30...........looks like 20,000 bpd swaps..........and another 25,000 bpd in collars........got this info from cpg web site ........the swaps locks in cash flow at a certain price........the collars allow some price appreciation as crude rises but not 100% correlated......for example if crude rises $10.00 cpg might only get $5.00 ..........no way of knowing if they put on more hedges since nov 2021 though

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Comment by Barkis on Feb 24, 2022 8:50pm

SoundandFury WTI Oil is in heavy backwardation - spot and front month quite a bit more expensive than later months.e.g. Dec WTI is still around $80. The way I think it works is they receive spot or front month for all thier production but then have to report a non-cash finacial (hedge) loss end of quarter. This amount will be the average of the remaining 2022 months strip prices minus ...more

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Veren Inc