Veren (formerly Crescent Point Energy) is a Canadian upstream oil and gas producer focused on unconventional resource development in Western Canada. Veren's two primary growth assets are the Alberta Montney, a tight oil and liquids-rich natural gas play averaging ~89,600 boe/d in 2024, and the Kaybob Duvernay, a condensate-rich shale gas play averaging ~49,500 boe/d. Together, these Alberta plays account for nearly 80% of production and roughly 89% of annual capex. Veren also holds mature Saskatchewan assets (Viewfield Bakken and Shaunavon) that produce predominantly tight and medium crude oil via waterflood and polymer flood enhanced recovery, managed for stable cash flow at minimal incremental capital. Liquids dominate Veren's economics: tight oil and NGLs together account for the large majority of revenue, with condensate production from the Duvernay commanding premium pricing. Veren drills horizontal multi-stage fractured wells on pads, requiring continuous drilling to offset steep production declines. Veren is essentially a price-taker on commodities, hedging up to 65% of net production on a rolling basis to reduce exposure to WTI, Edmonton condensate, and AECO gas prices. Veren's five-year plan targets production of ~250,000 boe/d by 2029 through organic development, with no near-term M&A planned. Capital is allocated with 60% of excess cash flow returned to shareholders via dividends and buybacks, and 40% directed to debt reduction until net debt reaches a long-term target of ~C$1.5-1.6B.