Veren Inc T.VRN

Cpg will after the deal close go from 155,000 bpd

[soundandfury]

To 131,000 bpd...........cpg spent so much money buying up new core area assets that they got no money left to actually deveop those assets.......like the family who buys the most expensive house on the block to impress the neighbors.....but then cannot afford to buy the furniture........with them appearance is everything.........their q2 guidance they gave just a few short days ago is now simply rubbish......not worth the paper its written on

[Lash99]

This post has been removed in accordance with Community Policy

[Marty57]

I think you're mistaken on your estimates of production S&F.  In Q1 of this year production averaged 139 kBOE/d with split being 67%oil / 13%ngl / 20%gas.  At that time production was expected to grow organically due thanks to developments of the Kaybob Duvernay.  Halfway through Q2 the Montney acquisition closed and that added about 38 kBOE/d, which was also slated for

[fishcarrier]

Yes, I tend to agree. Whether they got a good or poor deal for the N.D assets, I don't know. But their production is down only slightly (for the entire year). It's hard to judge how this will impact next year. We don't know when exactly this will close except it's in the 4th quarter. But they will save development costs, they will save interest on a lot of money, and their balance

[Moemoney42]

Exactly Marty & Fish.. glad you put S&F in line with his factless mumbo jumbo.. FACT for 2023 the average daily production is only affected by 4500 b/day.. that loss will be made up next year EASILY..!