Bullboard - Stock Discussion Forum Veren Inc 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... see more

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TSX:VRN - Post Discussion

Veren Inc > Shorts

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Post by Al42 on May 22, 2021 6:40am

Shorts

Shorts are piling on again...

https://ceo.ca/cpg

Symbol	Issue Name	Shares	Net Change	Date
$CPG.TO	CRESCENT POINT ENERGY CORP.	22,872,391	13,993,855	21 May 2021
$CPG.TO	CRESCENT POINT ENERGY CORP.	8,878,536	-2,711,787	6 May 2021
$CPG.TO	CRESCENT POINT ENERGY CORP.	11,590,323	1,760,126	21 Apr 2021
$CPG.TO	CRESCENT POINT ENERGY CORP.	9,830,197	-839,198	7 Apr 2021
$CPG.TO	CRESCENT POINT ENERGY CORP.	10,669,395	-3,014,295	19 Mar 2021
$CPG.TO	CRESCENT POINT ENERGY CORP.	13,683,690	-599,405	5 Mar 2021
$CPG.TO	CRESCENT POINT ENERGY CORP.	14,283,095	-3,424,937	22 Feb 2021

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Comment by Marty57 on May 22, 2021 9:30am

It seems short sellers have largely taken their shot (about 14 million shares shorted in the past 2 weeks on TSX). I wonder who would be doing this? Large players I suppose. Anyway, those shorts will have to become buyers now...a total of 23 million shares that must be bought and so upwards pressure on the share price. Share price performance over the past couple weeks doesn' ...more

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Comment by TheBridge on May 22, 2021 10:31am

Al42, let's hope they get burned.

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Comment by Al42 on May 22, 2021 1:58pm

Al42, let's hope they get burned. They have been winning the battle so far hopefullt the tide turns soon.

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Comment by highalpha1 on May 22, 2021 10:43pm

Thanks for sharing this data, AI42. The underperformance of CPG over the past couple of weeks relative to other E&P companies in the sector can likely be explained by the incresed short position in the stock (combined with lower trading volumes). This means that when the Iran headline risk is behind us, and as we approach closer to Q2 results (where the performance of the Keybob assets will be ...more

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