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Veren Inc T.VRN

Alternate Symbol(s):  VRN

Veren Inc. is a Canada-based oil producer with assets in central Alberta and southeast and southwest Saskatchewan. The principal activities of the Company are acquiring, developing and holding interests in petroleum and natural gas properties and assets related thereto through a general partnership and wholly owned subsidiaries. Its core operational areas include Kaybob Duvernay and Alberta Montney, Shaunavon and Viewfield Bakken. Its Kaybob Duvernay is situated in the heart of the condensate rich fairway, Central Alberta, which provides low risk drilling inventory. Its Alberta Montney assets sit adjacent to its Kaybob Duvernay lands, possessing similar resource characteristics including pay thickness and permeability in the volatile oil fairway of the reservoir. Its Shaunavon resource play is located in southwest Saskatchewan. The Viewfield Bakken light oil pool is located in Saskatchewan.


TSX:VRN - Post by User

Comment by LiquidOctopusV2on May 20, 2021 10:36am
104 Views
Post# 33237245

RE:Manipulation going on . Keep holding on.

RE:Manipulation going on . Keep holding on.WTI has been down for 3 days in a row.  Most oil stocks are down.  CPG seems to be a more volatile than some others.  But, I don't think a few bad trading days are going shake out most of the investors.  We've seen lots of them. 

If you are bullish on oil at all, CPG is a good place for your cash.  If you are bearish, sell and put your money into something else. 

Oil is still a hard sell to many investors. That's going to make the sector vunerable to downward price volatility.  But, I dare you to find another sector where more than doubling your money over the next 12 months is as likely as in oil. 

The worst possible idea anyone could have is hold onto your position and come here to complain about daily price fluctuations which can be easily attributed to the prevailing oil price.  
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