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Stocks in play: Veren Inc.

Baystreet.ca - Baystreet - Thu Jul 25, 9:09AM CDT

Announced its operating and financial results for the quarter ended June 30, 2024. The company continued operational execution in Alberta Montney and Kaybob Duvernay with recent wells among the top in the WCSB. Generated $195 million of excess cash flow in second quarter, with 60 percent returned to shareholders. Reduced net debt by $620 million in second quarter with proceeds from non-core asset disposition and excess cash flow. Veren Inc. shares T.VRN are trading down $0.18 at $10.31.

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