Veren Inc

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Veren, Inc. engages in the exploration, development, and production of oil and gas properties. Its focus areas include: Viewfield Bakken, Flat Lake Torquay, and Shaunavon. The company was founded on April 20, 1994 and is headquartered in Calgary, Canada.

Veren's 20% sell-off after Q3 results reflects impatience with a production miss and a failed P&P drilling experiment. Core assets remain solid, management has reverted to proven techniques, and insider buying signals confidence. At $70 WTI and C$3 AECO, Veren is projected to generate C$3.7 billion in FCF over five years, supporting dividends, growth, debt reduction, and buybacks.

Veren: Updating The Long-Term Projection - Patience Will Be Well Rewarded

DALLAS--(BUSINESS WIRE)--ISN, the global leader in contractor and supplier information management services, announced that Veren, a leading North American energy producer, has selected ISNetworld as its primary contractor information management platform. ISN will assist Veren with streamlining contractor safety, compliance and performance management, providing access to best practices, and benchmarking within the energy sector. “ISN has been the gold standard for contractor management among ene.

Veren Selects ISNetworld® for Contractor Management Program Expansion

The 10,000 BOED decrease that concerned the market appears to be unprofitable. The experimental wells are unlikely to affect the company materially, no matter how disappointing they are. The infrastructure and deferred maintenance issues should have been expected by the market.

Veren: Forward Progress Now That Management Has What It Wants

Veren Inc. (NYSE:VRN ) Q3 2024 Earnings Conference Call October 31, 2024 12:00 PM ET Company Participants Craig Bryksa - President and Chief Executive Officer Ken Lamont - Chief Financial Officer Ryan Gritzfeldt - Chief Operating Officer Sarfraz Somani - Manager of Investor Relations Conference Call Participants Michael Harvey - RBC Capital Markets Jeremy McCrea - BMO Capital Markets Dennis Fong - CIBC World Markets Luke Davis - Raymond James Michael Spyker - HTM Amir Arif - ATB Capital Operator Good morning, ladies and gentlemen. My name is Jenny and I will be your operator for Veren's Third Quarter 2024 Conference Call.

Veren Inc. (VRN) Q3 2024 Earnings Call Transcript

Veren (VRN) came out with quarterly earnings of $0.21 per share, missing the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $0.31 per share a year ago.

Veren (VRN) Misses Q3 Earnings and Revenue Estimates

CALGARY, AB , Oct. 31, 2024 /PRNewswire/ - Veren Inc. ("Veren" or the "Company") (TSX: VRN) (NYSE: VRN) is pleased to announce its operating and financial results for the quarter ended September 30, 2024, revised 2024 guidance, 2025 budget and updated five-year outlook. KEY HIGHLIGHTS Generated third quarter excess cash flow of $114 million, with full year 2024 excess cash flow expected to total $625 million.

Veren Announces Q3 2024 Results & Updated Outlook

CALGARY, AB , Oct. 31, 2024 /PRNewswire/ - Veren Inc. ("Veren", or the "Company") (TSX: VRN) (NYSE: VRN) announces its Board of Directors has approved and declared a quarterly cash base dividend of $0.115 per share. The base dividend is payable on January 2, 2025 to shareholders of record on December 15, 2024.

Veren Confirms Quarterly Dividend

CALGARY, AB , Oct. 24, 2024 /PRNewswire/ - Veren Inc. ("Veren", or the "Company") (TSX: VRN) (NYSE: VRN) plans to report its third quarter 2024 financial and operating results via press release prior to the opening of markets on Thursday, October 31, 2024. Veren's management will hold a conference call at 10:00 a.m.

Veren Announces Q3 2024 Conference Call

We had suggested investors dump Veren for better stories elsewhere. Those stories have outperformed Veren by about 25% since January 2024. We go over why we are warming up to good ol' Crescent Point Energy.

We Are Here To Praise Veren, Not Bury It

Veren Inc. has achieved investment-grade status. Few management teams can take a zombie corporation to investment-grade status. The company's debt levels have significantly improved. Those debt levels are now headed to conservative territory.

Veren: Onward To The Future

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PBA plans to buy oil batteries from Veren for C$400 million, which will strengthen its partnership through long-term contracts and strategic synergies.

Pembina Pipeline to Acquire Veren's Midstream Assets in C$400M Deal

CALGARY, AB , Sept. 9, 2024 /PRNewswire/ - Veren Inc. ("Veren", or the "Company") (TSX: VRN) (NYSE: VRN) is pleased to announce it has entered into a strategic long-term partnership with Pembina Gas Infrastructure ("PGI") related to certain infrastructure assets in the Alberta Montney and will receive net cash proceeds of $400 million related to this transaction.

Veren Announces Strategic Infrastructure Transaction

Veren Inc. reported C$0.99 in adjusted funds flow from operations, with stock trading at just over two times that figure when annualized. Management completed asset sales to reduce net debt to C$3.0 billion. Declining natural gas prices impacted per share earnings.

Veren Makes Investment Grade While Integration Continues

Veren Inc. (NYSE:VRN ) Q2 2024 Results Conference Call July 25, 2024 12:00 PM ET Company Participants Craig Bryksa - President and Chief Executive Officer Ken Lamont - Chief Financial Officer Ryan Gritzfeldt - Chief Operating Officer Sarfraz Somani - Manager of Investor Relations Conference Call Participants Dennis Fong - CIBC World Markets Travis Wood - National Bank Financial Operator Good morning, ladies and gentlemen. My name is Yinah, and I will be your operator for Veren's Second Quarter 2024 Conference Call.

Veren Inc. (VRN) Q2 2024 Earnings Call Transcript

Veren (VRN) came out with quarterly earnings of $0.28 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.28 per share a year ago.

Veren (VRN) Matches Q2 Earnings Estimates

CALGARY, AB , July 25, 2024 /PRNewswire/ - Veren Inc. ("Veren" or the "Company") (TSX: VRN) (NYSE: VRN) is pleased to announce its operating and financial results for the quarter ended June 30, 2024. KEY HIGHLIGHTS Continued operational execution in Alberta Montney and Kaybob Duvernay with recent wells among the top in the WCSB.

Veren Announces Q2 2024 Results

Veren Inc., formerly Crescent Point Energy, to report Q2 '24 earnings on 7/25/24. I anticipate the firm to generate $1.15b in revenue and an EPS of $0.52/share. Management anticipates growing daily production by ~25% in eFY25 on a y/y basis, with the long-term target of 250Mbbl/d in 2028. Veren is focusing efforts on their highly liquid assets in the Gold Creek West and Karr West regions.

Veren Is The Low-Cost And High-Growth Producer Your Portfolio Needs

CALGARY, AB , July 18, 2024 /PRNewswire/ - Veren Inc. ("Veren", or the "Company") (TSX: VRN) (NYSE: VRN) plans to report its second quarter 2024 financial and operating results via press release prior to the opening of markets on Thursday, July 25, 2024. Veren's management will hold a conference call at 10:00 a.m.

Veren Announces Q2 2024 Conference Call

Veren (VRN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Veren (VRN) Q2 Earnings Expected to Decline

CALGARY, AB , June 14, 2024 /PRNewswire/ - Veren Inc. ("Veren", or the "Company") (TSX: VRN) (NYSE: VRN) is pleased to announce that it has successfully closed its previously announced disposition of certain non-core assets in Saskatchewan for $600 million in cash (approximately $540 million including closing adjustments).  Net proceeds from this strategic disposition will be directed to further strengthen the Company's balance sheet.

News for Veren Inc Stock (VRN)