Veren Inc T.VRN

Q3 results

[Squint1]

Cash flow up by 26% from Q2.  Cash flow per boe is up 7.8% to $42.68 per boe.  Cash flow per share is up 27% to $1.29.  Production volumes up by 16.5% from Q2.  Net debt down by 24% to $2.28 billion.  What's not to like ?

[Moemoney42]

Exactly and a 2 cent special divi to boot..! Although its not a barn burner.. hey, I'll take it..!!  ;-)

[ascii2]

They are firing on all cylinders. 1. Cash flow over 1 Billion 2. Repurchased 28.1 million shares for cancellation. 3. Reduced net debt by 700 million dollars 4. devidend for the year 40 cents regular plus 6.5 cents special dividend 5. 60 percent excess cashflow back to share holders. 6. Well deciplined approch towards all aspects 7. book value as of June was $9.35 USD now it must be higher after

[Moemoney42]

8. Q4-23 is going to look even better as the US Bakken sales aren't in the Q3 numbers. That boost of cash is going to show up in the Q4 numbers..! Quote: Key highlights:   Generated third-quarter excess cash flow of $322-million (60 cents per share), with full-year 2023 expected to total over $1-billion. Returned $480-million to shareholders year-to-date, including $188

[Moemoney42]

Also of note, hedges for 2024 are at better prices than the 2023 hedges, and currently only 25% of production is hedged for 2024.                        2023             2024 Swap             $104.58         $ 108.37 CAD Collar floor 

[Marty47]

I send an email to management to hedge 40% when the opportunity come , hope they get their edge higher once the oil price is good