Crescent Point is now Veren

Article Excerpt

VEREN INC., $10.74, is a buy for aggressive investors. The company (Toronto symbol VRN; Shares outstanding: 619.5 million; Market cap: $6.7 billion; TSINetwork Rating: Extra Risk; Dividend yield: 4.3%; www.vrn.com) is the new name of Crescent Point Energy Corp. The company has rebranded to highlight its new focus on two key Alberta oil and gas plays. That’s after the sale of its assets in Utah and Saskatchewan, and acquisitions from Shell PLC and Paramount Resources to build a presence in Alberta’s Kaybob Duvernay region. More recently, the company established itself as a significant producer in the province’s Montney formation with a $1.7-billion acquisition from Spartan Delta Corp. and the $1.96-billion takeover of Hammerhead Energy Inc. in December 2023. All this bodes well for Veren’s long-term prospects. Veren is a buy for aggressive investors. investors…