Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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 > What happens to the $10.30 offer?
View:
Post by mbuch on Nov 08, 2023 5:02pm

What happens to the $10.30 offer?

Do they sell below at market now and just raise less cash, or issue more shares?
Comment by ztransforms173 on Nov 08, 2023 5:35pm
- BMO and RBC and the joint underwriters are in the HOOK FOR $ 500,065,000 for 48,550,000 CPG shares - they either BITE THE BULLET and ABSORB the LOSS or MORE LIKELY HOLD ON the CPG shares until the MARKET IMPROVES to those shares that have NOT BEEN PRE-SOLD - REMEMBER that these shares will be OFFERED through a PROSPECTUS and the UNDERWRITERS ALREADY POLLED THEIR CLIENTS and PRE-BOOKED and ...more  
Comment by Eoj123 on Nov 08, 2023 10:26pm
It was a bought deal, it will close and the market will adjust and except. If oil doesn't collapse and inches up, it will be back to the deal price soon enough. 
The Market Update
{{currentVideo.title}} {{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >

At the Bell logo
A daily snapshot of everything
from market open to close.

{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}{{currentVideo.intervieweeTitle}}
< Previous
Next >
Dealroom for high-potential pre-IPO opportunities