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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

Comment by highalpha1on May 31, 2021 4:47pm
149 Views
Post# 33297688

RE:RE:RE:RE:RE:RE:This is a perpetual loser

RE:RE:RE:RE:RE:RE:This is a perpetual loser@Garbon: I am not sure if you were asking me, but in case you were, I'll add my two cents.

Whether you sell your total or partial position in CPG once you breakeven at $7 would be dependent on your individual circumstances. I don't think you should have a massive position in this stock (or any energy or gas company) the loss of these investment funds would have a meaningfully detrimental impact on your life. That is, I don't think you should be mortgaging your house on CPG. However, if it is discretionary funds that you are utilizng, then, you have more choices available to you as to whether you sell or hold once you hit breakeven.

As my previous posts indicate, I think CPG share price is going to go up materially from here. However, I fully appreciate that CPG is in a sector that will eventually need to be completely transformed. As such, this is not a "buy and hold forever" stock as might be, say, one of the big 5 Canadian banks. 

You indicated earlier that you averaged down to $7. You might consider going back to your original position (in terms of shares held), by selling the number of shares you bought to average down (e.g., if you bought 10000 shares to average down, then sell the same 10000 shares once the share price hits ~$7). This would mean that you would have the same number of shares you originally bought but at a much lower average cost base. Again, this is not investment advice, as what you should do would depend on your individual circumstances; this is one option that is available to you if and when CPG hits your breakeven price. Best of luck. 
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