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Veren Inc T.VRN

Alternate Symbol(s):  VRN

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

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Post by retiredcfon May 22, 2024 6:33am
175 Views
Post# 36051372

Technical Analysis

Technical AnalysisBNN haven't picked up on the name change yet. GLTA

BUY ON WEAKNESS
Crescent Point Energy Corp(CPG-T)
21/05/2024
 
Great company. Looking at the chart, big wall of resistance it just couldn't get through. Then it broke out. If you own it, hold. If it pulls back to the neckline, he'd be all over it.
Oil / Gas

Keith Richards
$11.720
No

COMMENT
Oil.(A Commentary)
21/05/2024
 
He loves oil. Seasonally, can take a pause over the summer. And after the move we've seen, likely to see it move sideways or even a pullback. Longer run, say 1-2 years, he's very bullish. 
 
Thinks it will get back to $100. Tons of potential for it to get there, and lots of resistance space before it does. Have to break though $88-90, and once it does, $100. Then who knows, $120 and beyond. One thing at a time. Seasonally, seeing it a little soft now. End of the summer, should start to see it pick up.

Keith Richards
 

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