Veren Inc T.VRN

Patience is Golden, Time is Precious

[TheBridge]

The share price has disappointed many, particularly those comparing it to that of WCP. However, just a reminder, Veren continues with its return of 60% of excess cash flow to shareholders through the base dividend and share repurchases. The balance of Veren's excess cash flow continues to be directed to debt reduction which they  have calculated to reach 1.1 times adjusted funds flow. With the infrastructure deal with PGI, Veren will receive net cash proceeds of $400m in Q4 which they have confirmed will be directed towards further debt reduction resulting in total debt of $1.3b at the end of 2024. For those who continue to hold it should mean an increase in dividend tin 2025 and a reasonble upward move for the share price. This takes time and it has already taken a lot of time just to get where we are today. Some will wait it out, some will leave......nice to have the freedom of choice.

[JamesT]

Pathetic stock performance. Not only against WCP. Durning the pandemic, I think this stock was at $1 vs MEG which was $1.50, I choose to invest in this garbage instead of MEG, now Meg is at $28 vs $9 of this stock.  This stock is no longer correlated with oil prices up and downs any more. Continuous laggart.

[stockmarket1]

Carries too much debt from what many are saying on BNN.

[baranja]

Definately one of the worst oil stocks.  With WCP, the management is clearly working for shareholders, since day one,  the clowns here are useless.  Absolutely NOT shareholders friendly, also Nutt pumping this stock didn't work at all.  The guy is kiss of death.

[Anschutz]

Yes, debt will be reduced to $1.3B by end of 2024.  Just in time for Bryska and crew to blow their brains out with another purchase, mint another 100 million shares, and add another 2 or 3B in debt. Stakeholders and shareholders will be asked to be patient for only a few years more.  This crew has tried to fool the market too many times. The name change hasn't helped. Nobody on

[Banshee]

Nobody on the Street , more like nobody on the Planet other than a few Space Cadets that advise patience for exactly how many more equity destroying years by Bryska and Cronies, they are the only ones profiting with this one .Even the veteran Board cheerleader isn't posting of late and no wonder , nothing he has preached for years has come true , just the opposite. If l believed in shorting