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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

Bullboard Posts
Comment by vonDraetzon Apr 26, 2019 1:56pm
35 Views
Post# 29675837

RE:will keep watching it

RE:will keep watching it"...manipulation of oil prices by market makers and derivative traders..."
Manipulation by market makers is a given, that's what they do for a living and a lucrative one at that; but derivatives traders???  I don't see how buying or selling say 15 or 20 calls or puts on any security is more manipulative than buying or selling 1,500 or 2,000 shares of that same issue which may have to be held for years before an opportunity to unload them at a profit comes along, as CPG has shown us in spades; it'll be a looong time before some people on this board with a breakeven above $10+ will recoup their investment and in the meantime a big chunk of their trading money is well and truly dead money; whereas with options, the money tied up is a mere fraction and the results, positive or negative, will be known within a few months, usually two or three.  Why is this more manipulative than trading shares? Please explain
Bullboard Posts