Raymond James initiated coverage of Veren with a rating of Strong Buy
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/18/2024 | Strong Buy | Raymond James |
CALGARY, AB, May 12, 2025 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX:WCP) is pleased to announce the successful closing of its strategic combination with Veren Inc. ("Veren") (TSX:VRN) (NYSE:VRN), creating the seventh largest oil and natural gas producer and the fifth largest natural gas producer in Canada. Whitecap is now the largest Alberta Montney and Duvernay landholder and a prominent light oil producer in Saskatchewan with an enviable portfolio of premium drilling opportunities which provides for decades of sustainable production and funds flow growth. We plan to leverage the combined asset base and technical expertise to drive incremental improvements to profit
CALGARY, AB, May 8, 2025 /PRNewswire/ - Whitecap Resources Inc. ("Whitecap") (TSX:WCP) and Veren Inc. ("Veren") (TSX:VRN) (NYSE:VRN) are pleased to announce that the Court of King's Bench of Alberta has granted the final order in connection with the previously announced plan of arrangement under Section 193 of the Business Corporations Act (Alberta) (the "Business Combination"), pursuant to which Whitecap will acquire all of the issued and outstanding common shares of Veren. Under the terms of the Business Combination, Veren shareholders will receive 1.05 common shares of Whitecap for each Veren common share held. Approval of the Whitecap shareholders and the Veren shareholders in connection
CALGARY, AB, May 6, 2025 /PRNewswire/ - Whitecap Resources Inc. ("Whitecap") (TSX:WCP) and Veren Inc. ("Veren") (TSX:VRN) (NYSE:VRN) are pleased to announce that the shareholders of each company have voted in favour of the previously announced business combination between Whitecap and Veren (the "Business Combination"). On May 6, 2025, Whitecap and Veren held special shareholder meetings virtually, via live webcasts, with each company's shareholders voting on resolutions in connection with the proposed Business Combination. At the Whitecap special shareholders meeting, the resolution authorizing the issuance of Whitecap common shares to Veren shareholders pursuant to and in connection with
CALGARY, AB, Jan. 21, 2025 /PRNewswire/ - Veren Inc. ("Veren", or the "Company") (TSX:VRN) (NYSE:VRN) is pleased to announce the results from its 2024 independent reserves report, provide an update on its operations and announce the appointment of two independent board members. KEY HIGHLIGHTS Strong reserve additions, replacing 173 percent of 2024 annual production on a 2P basis.Alberta Montney asset contributed 65 percent of the 2P reserve additions.Achieved strong exit production in 2024 with full year production in-line with guidance.Addition of two independent directors with extensive industry knowledge and experience to the Board."Our strong reserve additions, driven by both our Albert
Raymond James initiated coverage of Veren with a rating of Strong Buy
25-NSE - Veren Inc. (0001545851) (Subject)
F-3DPOS - Veren Inc. (0001545851) (Filer)
F-10POS - Veren Inc. (0001545851) (Filer)
SC 13G/A - Veren Inc. (0001545851) (Subject)
CALGARY, AB, May 12, 2025 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX:WCP) is pleased to announce the successful closing of its strategic combination with Veren Inc. ("Veren") (TSX:VRN) (NYSE:VRN), creating the seventh largest oil and natural gas producer and the fifth largest natural gas producer in Canada. Whitecap is now the largest Alberta Montney and Duvernay landholder and a prominent light oil producer in Saskatchewan with an enviable portfolio of premium drilling opportunities which provides for decades of sustainable production and funds flow growth. We plan to leverage the combined asset base and technical expertise to drive incremental improvements to profit
CALGARY, AB, March 10, 2025 /PRNewswire/ -- Whitecap Resources Inc. ("Whitecap") (TSX:WCP) and Veren Inc. ("Veren") (TSX:VRN) (NYSE:VRN) are pleased to announce a strategic combination to create a leading light oil and condensate producer with concentrated assets in the Alberta Montney and Duvernay. The combined company will be the largest Alberta Montney and Duvernay landholder, a prominent light oil producer in Saskatchewan and will leverage the combined asset base and technical expertise to drive improved profitability and superior returns to shareholders. The companies have entered into a definitive business combination agreement (the "Agreement") to combine in an all-share transaction
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.Reduced net debt by 35 percent through a combination of excess cash flow generation and proceeds from dispositions.Replaced 173 percent of 2024 production on a 2P reserves basis, primarily driven by additions in the Alberta Mo