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Bullboard - Stock Discussion Forum Veren Inc T.VRN

Alternate Symbol(s):  VRN

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

TSX:VRN - Post Discussion

Veren Inc > I do think heads should roll
View:
Post by soundandfury on Jul 27, 2022 5:54pm

I do think heads should roll

$22.00 per barrel hedge loss gotta be a new record in canada oil patch.......it works out to about $800 million in lost adjusted funds flow in 2022.......unforgiveable in a oil bull market like we are in.......but they claim its not real money.......hahahaha
Comment by angelnicky on Jul 27, 2022 7:30pm
CEO and Board of Directors must be held accountable Time for a change
Comment by DrBill1 on Jul 28, 2022 9:30am
Most likely the "hedge" was a requirement of bank loans taken to fund the acquisition.  Hedges will be normalized soon.  Management was wise to make the acquisition with benefits realizing now.