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 > They issue millions of shares @$4.00

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Post by soundandfury on Jun 02, 2022 11:02am

They issue millions of shares @$4.00

And now they buy those same shares back @ $11.00 +..............someone should inquire why they do such stupid things? Its no wonder they cant pay a nice dividend given how management makes such idiotic decisions

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Comment by LiquidOctopusV2 on Jun 02, 2022 11:16am

Man, this is trading a multiple of 1.3 and we're at a 52 week high. I think we're on the verge of breaking $12.00. There are only 14% more shares on the market than there were the last time the stock trade at $20 (Sept 2016). The upside potential is huge. Just enjoy making some money, if you're still in. Buyback is a meaningful way to reward ...more

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Comment by Moemoney42 on Jun 02, 2022 11:16am

They issued the shares to buy an asset.. which has already paid for itself by the way.. and will continue to provide FCF for decades.. what's stupid about that..??

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Veren Inc