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 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

Veren Inc

Bullboard Posts

Post by bullcharton Jul 29, 2015 7:10am

162 Views

Post# 23970510

CPG is oversold

Based on past performance, price of oil, market sentiment. March 16 of this year CPG was 25.75 and the price of crude had dropped to $42.79. January 28 of this year CPG was $21 and the price of crude dropped to $44.07. Yesterday they drove CPG down below $19 with the price of oil holding above $46. Either they are pricing in oil below $40 a barrel or CPG is definitely oversold and should be in the $21-$23 area. The low of $18.67 on 27 July and the low yesterday of $18.48 shows a tightening bottom and in my opinion a good short-term buy.

I think we will see a little more direction come Friday morning.

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