Veren Inc T.VRN

Zechner's Comments

[retiredcf]

He and his family also own the stock personally. GLTA

Veren - TSX

Veren’s recent underperformance has resulted in an improved entry point as the market continues to underappreciate the potential free cash flow growth, the value of asset optimization, and how much the overall business has improved since 2018. It has a completely revamped asset base, which is now 75 per cent concentrated in high-impact plays (Montney/Duvernay), long-term growth, inventory depth, return of capital, and modest financial leverage and trades at only 2.8 times operating cash flow multiple.

TOP PICK
Veren(VRN-T)
01/10/2024

Trading under 3x operating cash flow and 15x free cash flow yield. They were always a big Bakkan player, but grew by acquisition then diluted too many, but recent years are focussing much more. This is nothing like the Crescent Point Energy of old. It's more focussed and productive and trading at a low valuation.

(Analysts’ price target is $13.85)
0il & Gas

John Zechner
$8.680
Owned

[Moemoney42]

Sure weird how the sector is performing lately...? Crude up a buck and a half and no gains.. maybe  the afternoon will prove to be more in line with crude's action.??

[downwithdotcom1]

i posted this a couple of days ago on the CVE BB..dwdc confirmation of "i told you so"...as said before, its those criminal shotcallers at work...supply/demand fundamentals are not setting the price right now...see below "Hedge funds sold ie shorted U.S. energy company stocks at the fastest pace in five years and the sector was the most sold on Goldman Sachs’ prime brokerage

[Moemoney42]

Thanks for the article dotcom.. yup, something was certainly playing havoc with this sector.. what makes me wonder.. is its usually a matter of time before that trade reverses, as these "traders" only make $ when the market swings.. one would think you can only short for so long without data to support the short.. I'm thinking the US election is part of the reason for the disconnect

[Anschutz]

Probably another week of volatility as US moves more ships and planes on station in the middle east.  I think this will create a sense of stability and cause the price of oil to fall as the threat of war diminishes.  In the interim, media is pumping about a USA nuclear missle sub in the area. This is the same playbook tactic Britain used during the Falkland war.  It was enough of a

[Anschutz]

Which suggests he's underwater and talking his book. If you listened to what he said, he really didn't offer anything compelling.

[Anschutz]

Oh and one more thing.... holy f&%k does he look old. Judging from how he's aged in the last couple years he must be fully up to date on the jab juice.