Veren Inc T.VRN

I think I figured out the market psychology to this stock

[JamesT]

When oil prices hits an all time high, the stock price shoots up a with optimism on potential earnings and FCF. As time passes however and investor has time to digest, they realise that this company is still runned by self interested management and then settles back down to its original level plus a few measly pennies.

Rince and repeat all the way to $80+ oil

[Bpultra]

==================== Yes this happens when the market perceives there is no reason to invest in a stock that it sees with no upside… and until this perception changes the buyers are elsewhere .. with a div or an NCIB .. well maybe they come back .. otherwise CPG goes up 2 stairs and down 3 .. we need a couple solid  25-30 cent run days in a row to start this next move .. shorts got the

[LiquidOctopusV2]

It's new (ish) management. And, I see this management team as having excellent transparent communication.  The only surprise was the Duvernay aquisition and that was a good surprise after I digested it.  Consipracy theories aside, all we need to see is some action on the share buyback and most concerns will be assuaged.  If they keep their word on the 1:1 debt to FCF ratio

[Bpultra]

[LiquidOctopusV2]

At $75 per barrel, the FCF is a predicted $980 million.  That's almost a billion dollars in free cash.  What do you really think the management would do?  They're going to follow their stated plan.  That's not how this management team works.  And their approach is working.  It takes dicipline to pay down debt.  And they started paying it down before

[cahclick]

Well, I recommend you go back just one year of quarterly reports and read the stated objectives of management. The purchase of Shell assets was a Hail Mary move in my opinion. Although it's looking rosy at the moment given oil's meteoric rise, the purchase was way offside with stated objectives prior to the purchase. Many other names have seen multi-baggers since January of this year

[Bpultra]

If you're going to spend your money here you better keep your eyes wide open. I played in this sandbox for four years and survived by trading but the shorts continue to have full control here. I was wore out and got out. This group you're dis'ing didn't just wake up grumpy.  LOL  that made me laugh!!  Good one.,, but so true!!

[Moemoney42]

Maybe the "statement objectives" have changed a year later.. I would say they have.. as NO ONE predicted a WTI price of $72 back then..  not to mention the MANY buyouts and mergers since then.. so it was wise for management to acquire an addtional cash flow positive asset at 1/3 the cost of the wells already producing, with infractructure and multi years of drilling locations at

[LiquidOctopusV2]

Yes, the Duvernay acquisition was a surprise.  It took a while to digest but it was a good choice because those are good assets and Shell was paid in shares, which netted CPG a large corporate shareholder (stable as an institutional shareholder).  As for how much the share price gained, I was able to do some buying at at $1.80 and some people did much better than that.  It depends

[Backinblack1000]

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[Backinblack1000]

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