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

Comment by Takeactionnowon Apr 09, 2020 11:59am

63 Views

Post# 30894358

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Time to sell (short term)

Let's try again!

As far as comments on the board about any agreement to cut not being sufficient, that is likely correct. What matters is when economic conditions improve and demand rises. That is the problem OPEC+ has with the U.S. position, since rising oil prices will cause them to produce more (and OPEC+ would be frozen).

Takeactionnow wrote: Yeah - too bad. I am going to sit on it for now.

Bpultra wrote: Nope

Takeactionnow wrote: Looking good now.

Bpultra wrote:

Takeactionnow wrote: Reloaded the trading position at $1.52.

Takeactionnow wrote: Unfortunately I ditched my trading position at $1.535 (gain of $0.135 from yesterday's $1.40 buy, so okay). Ironically, my sell order had been at $1.64. At least I continue to hold my long position and will reload the trading position.

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Oil has not settled and if the 1.50 block breaks it will be in the 1.40's again