Veren Inc T.CPG

Primary Symbol: T.VRN Alternate Symbol(s): VRN

Energy Oil & Gas E&P

Veren Inc., formerly Crescent Point Energy Corp., is a Canada-based oil and gas exploration company. The Company is engaged in the business of acquiring, developing and holding interests in petroleum and natural gas properties and assets. Its crude oil and natural gas properties and related assets are located in the provinces of Saskatchewan, Alberta and the United States. Its operating areas include Viewfield area of southeastern Saskatchewan; Shaunavon resource play, which is located in southwest Saskatchewan; Flat Lake play, which is a multi-zone resource play located in southeast Saskatchewan; Kaybob Duvernay play, which is situated in the heart of the condensate rich fairway, Central Alberta, and Montney assets in Alberta. Its wholly owned subsidiaries include Crescent Point Resources Partnership, Crescent Point Holdings Ltd. and Crescent Point U.S. Holdings Corp.

TSX:VRN - Post by User

Veren Inc > Technicals

<< Previous

Bullboard Posts

Next >>

Comment by Moemoney42on Jan 13, 2023 11:22am

197 Views

Post# 35221179

RE:Technicals

A near term catalyst IMO could be Q4-22 numbers.. Crude was averaging over $80 for the quarter which of course was down from Q2 & Q3 but the hedge losses for Q4 will be 10's of millions of dollars less easily.. the balance sheet will have less debt as well.. now consider higher hedges.. less hedged for 2023 and a strong crude price IMO 2023 will be a year when all the naysayers (smallpecker) will proven to be wrong in their short term focus..

Aurum1983 wrote: Bullish

Retesting 200MA for the fourth time. We broke out of a two-months continuation wedge from Nov 14, 2022 with yesterday's close. If it is confirmed with today's close we are looking at 60 day trend of $12.50 to $13.50. What I want to see is SP shoot past the 50MA on the daily and stick above for some time then we are set to take off.

Only bullish catalysts in the intermediate foreseeable period which should allow the trend to play out nicely...especially in a time when we will be attracting investors from across the spectrum from those looking for growth or just a nice dividend.