Post by
greyowl on Nov 04, 2024 8:38am
Go To Name for NA Oil & Gas Exposure
7 Billion in Tax Pools.
Cash Flow will go directly to the bottom line.
Excess cash (after Capital expenditures) will used
to pay off debt and buy back shares.
Well positioned for upcomin Canada LNG exports.
Well Hedges.
Financials in recent and upcoming quaters will
prove this out.
Shorters will cover if oil/gas stay stable or rise in price.
Quote from the latest finacials.
"Under its 2025 budget, the Company expects to generate excess cash flow of $575 million to $775 million at US$70/bbl to US$75/bbl WTI and $2.50/Mcf AECO, allowing for significant returns to shareholders and further strengthening of the balance sheet"
Comment by
PabloLafortune on Nov 04, 2024 12:02pm
The advantage of VRN is the natural hedge that its oil/NG mix provides. If oil prices drop ex $50-60, shale oil production will drop, as will associated natural gas production, which in turn will cause natural gas prices to rise. More so than ever before because associated gas production is so high down south.