Veren

Veren

About Veren

Simplify's Rating
Why Veren is rated
C+
Rated C on Competitive Edge
Rated A on Growth Potential
Rated D+ on Rating Differentiation

Industries

Energy

Company Size

501-1,000

Company Stage

IPO

Headquarters

Calgary, Canada

Founded

2001

Overview

Company Does Not Provide H1B Sponsorship

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Simplify's Take

What believers are saying

  • The merger with Whitecap offers significant production and growth potential.
  • Veren's strong cash flow allows for substantial shareholder returns through dividends and buybacks.
  • Veren's strategic focus on operational execution enhances its long-term sustainability.

What critics are saying

  • Integration challenges post-merger with Whitecap could lead to operational inefficiencies.
  • The recent rebranding from Crescent Point to Veren may cause stakeholder confusion.
  • Issuing CDN$1.0 billion in senior notes increases financial leverage and potential cash flow strain.

What makes Veren unique

  • Veren's merger with Whitecap creates the largest landholder in Alberta Montney and Duvernay.
  • Veren's strategic asset disposition strengthens its balance sheet significantly.
  • Veren's focus on high-quality asset development generated $642 million excess cash flow in 2024.

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Funding

Total Funding

$1100M

Above

Industry Average

Funded Over

2 Rounds

Post IPO Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Debt Funding Comparison
Coming Soon

Benefits

Wellness Program

Flexible Work Hours

Company News

Stock Titan
Mar 10th, 2025
Whitecap and Veren merge in $15B deal

Whitecap Resources and Veren Inc. are merging in a $15 billion all-share transaction to form a leading Canadian light oil and condensate producer. Veren shareholders will receive 1.05 Whitecap shares per Veren share. The combined company will be the largest landholder in Alberta Montney and Duvernay, with significant production and growth potential. The merger is expected to close by May 30, 2025, pending shareholder and regulatory approvals.

PR Newswire
Feb 27th, 2025
Veren Announces Filing Of Annual Information Form And Form 40-F

CALGARY, AB, Feb. 27, 2025 /PRNewswire/ - Veren Inc. ("Veren", or the "Company") (TSX andNYSE: VRN) confirms the filing of its Annual Information Form ("AIF") for the year ended December 31, 2024, with the Canadian securities regulatory authorities on the System for Electronic Analysis and Retrieval ("SEDAR+"). In addition, Veren has filed its Form 40-F for the year ended December 31, 2024, which includes the AIF, with the United States Securities and Exchange Commission on the Electronic Data Gathering, Analysis and Retrieval ("EDGAR") system. The AIF contains the Company's reserves data and other oil and natural gas information, as required under National Instrument 51-101.An electronic copy of the AIF may be obtained on Veren's website at www.vrn.com, on the Company's SEDAR+ profile at www.sedarplus.com and on the Company's EDGAR profile at www.sec.gov/edgar.FOR MORE INFORMATION ON VEREN, PLEASE CONTACT:Sarfraz Somani, Manager, Investor RelationsTelephone: (403) 693-0020 Toll-free (US and Canada): 888-693-0020Address: Veren Inc. Suite 2000, 585 - 8th Avenue S.W

PR Newswire
Feb 27th, 2025
Veren Announces Q4 Full Year 2024 Results

CALGARY, AB, Feb. 27, 2025 /PRNewswire/ - Veren Inc. ("Veren" or the "Company") (TSX: VRN) (NYSE: VRN) is pleased to announce its operating and financial results for the fourth quarter and full year ended December 31, 2024. KEY HIGHLIGHTS Generated significant excess cash flow of $642 million in 2024, through focused development of a high-quality asset base. Returned $386 million, or 60 percent of excess cash flow, to shareholders through dividends and share repurchases

PR Newswire
Feb 20th, 2025
Veren Announces Q4 Full Year 2024 Results Conference Call

CALGARY, AB, Feb. 20, 2025 /PRNewswire/ - Veren Inc. ("Veren", or the "Company") (TSX: VRN) (NYSE: VRN) plans to report its fourth quarter and full year 2024 financial and operating results via press release prior to the opening of markets on Thursday, February 27, 2025. Veren's management will hold a conference call at 10:00 a.m. MT (12:00 p.m. ET) the same day to discuss the Company's results and outlook.Participants can listen to this event online via webcast

PR Newswire
Jul 18th, 2024
Veren Announces Q2 2024 Conference Call

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. MT (12:00 p.m. ET) the same day to discuss the Company's results and outlook.Participants can listen to this event online via webcast. To join the call without operator assistance, participants may register online by entering their phone number to receive an instant automated call back

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