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Bullboard - Stock Discussion Forum 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... see more

TSX:VRN - Post Discussion

Veren Inc > CPG increase when oil was $30s, $40s, $50s, $60s, $70s, $80+
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Post by JamesT on Jun 21, 2021 12:03pm

CPG increase when oil was $30s, $40s, $50s, $60s, $70s, $80+

Can someone explain to me how come when oil went from the $30s, $40s, $50s, and $60s this stock shot up 50% to even 100% in each intervals, but when oil went into the $70s this stock is flat? Not all Canadian energy companies followed the same trend (ie. MEG, BTE, CJ, BIR and many more).

I would hope that if oil goes into the $80s or $90s we would continue the 50%-100% uptrend but my confidence is being shattered.
Comment by UnderTheRadar on Jun 21, 2021 12:24pm
This post has been removed in accordance with Community Policy
Comment by Moemoney42 on Jun 21, 2021 5:53pm
That unfortunenately Radar is the ugly truth to the leadership in Ottawa... the billions of investment capital Canada has lost has cost us taxpayers dearly and the sooner we get these idiots out of office the better.. as the world economies ramp back up after covid if we don't get our house in order the IMF is going to own us, and they'll be dictating the scenario going forward.. its ...more  
Comment by LiquidOctopusV2 on Jun 21, 2021 8:16pm
Yes.  We lost a lot of value when the foreign investors packed up and went home.  My sincere hope is, Trudeau or no, that they'll come back and we can realize the value of our investments.  And for the record, I think he's the worst Prime Minister in Canadian history.  And, he's absolutely the worst in my 40 years.  I keep hoping he'll get a blood clot ...more  
Comment by cahclick on Jun 22, 2021 12:56am
Couldn't agree with you more re Trudeau. Arrogance of his father and brains of his mother  jmo glta
Comment by Bpultra on Jun 21, 2021 1:06pm
============= well there are a ton of reasons....  we have USD/CDN dollar differentials that will raise or lower CDN side without reason as you get the arbitrage trade group… the shorts piled on here again thick and heavy.. why.. because the insiders have to present given them no reason not to… they can change this… a div and NCIB… but they at present choose not to…. then look at the ...more  
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