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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 22, 2020 3:06pm

122 Views

Post# 30940823

RE:I AGREE With CLR HH: WTI Futures Are Being MANIPULATED ?????

Machine trading drove the price rapidly to such a big negative number. The flaw in the programming is called GREED.

Eigen337 wrote:
See:

https://news.bloomberglaw.com/securities-law/oilman-hamm-demands-probe-of-price-crash-suspects-manipulation

Securities Law News
Oilman Hamm Demands Price-Crash Probe, Suspects Manipulation (1)

April 22, 2020, 3:44 PM

Continental Resources Inc. Chairman Harold Hamm is asking regulators to investigate the spasms in oil trading on Monday that pushed prices into unprecedented negative territory.

The rapid plunge -- with the May contract for West Texas Intermediate falling some $40 in the last 22 minutes of trading -- “strongly raises the suspicion of market manipulation or a flawed new computer model,” the company said in a complaint filed with the Chicago Mercantile Exchange on Tuesday. The contract settled at minus $37.63 a barrel.

The plunge into the previously-unimaginable zone of sub-zero prices has stunned global markets, which are reeling from...

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This is my opinion only.

Eigen337