Veren Inc T.VRN

Let's bring the discussion back to VEREN

[pierrelebel]

Over the last ten years I have been a shareholder of Veren (Crescent Point) and Whitecap, on and off.

In the last few years both companies were valued by the market at around Cdn$6 billion - give or take a billion either way.

At times Veren (Crescent Point) traded for $1 above WCP and at other times it was trading for $1 less than WCP.

Today we find WCP still valued at Cdn$6 billion while VRN is down to Cdn$4.5 billion (Q3 results were a major factor).

The spread between their trading prices now exceeds Cdn$3

It may be time to consider trading WCP for VRN.  I expect that VRN and WCP shares will both trade for about the same price by the end of 2025.  This Cdn$3 spread may not last long. The difference in yield between them is less than 1%, so not an important factor.

Good luck to all.

[Anschutz]

Hello Pierre, I don't think it's fair to compare WCP and VRN as we have in the past. You are correct that previously the share prices fluctuated up/down with on leading the other at points in time and vice versa.  I was a believer they were relatively similar up until last year that VRN had turned a corner up until year. After years of incurring massive debt and a change in CEOs, I