Veren
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About Veren
Industries
Energy
Company Size
501-1,000
Company Stage
IPO
Headquarters
Calgary, Canada
Founded
2001
Overview
Company Does Not Provide H1B Sponsorship
Simplify's Take
What believers are saying
- The merger enhances Veren's production and growth potential in the Canadian oil sector.
- Veren's significant cash flow allows for substantial shareholder returns through dividends and buybacks.
- Veren's investment-grade senior notes offering supports financial stability and future investments.
What critics are saying
- Integration challenges with Whitecap may lead to operational inefficiencies and cultural clashes.
- Veren's $2.8 billion debt load by 2024 could limit financial flexibility and growth.
- Reliance on commodity prices exposes Veren to market volatility and revenue fluctuations.
What makes Veren unique
- Veren's merger with Whitecap creates the largest landholder in Alberta Montney and Duvernay.
- Veren's focus on high-quality asset development generated $642 million excess cash flow in 2024.
- Veren's strategic asset disposition strengthens its balance sheet and operational focus.
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Funding
Total Funding
$1100M
Above
Industry Average
Funded Over
2 Rounds
Benefits
Wellness Program
Flexible Work Hours
Company News
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.
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
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
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
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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About Veren
Industries
Energy
Company Size
501-1,000
Company Stage
IPO
Headquarters
Calgary, Canada
Founded
2001
There are no jobs for Veren right now.
Find jobs on Simplify and start your career today