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.

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Veren Inc > Short interest in CPG (and other O&G stocks)

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Post by highalpha1on Jun 14, 2021 6:15am

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Post# 33380380

Short interest in CPG (and other O&G stocks)

The short interest in CPG remains high and has increased over the last two weeks for which data is available. As of June 6th, CPG had over 23 million shares shorted (as a percentage of its float, the short interest in CPG is among the highest in the energy sector). These shorts will eventually need to cover. I anticipate that the short interest in CPG will serve as another catalyst for above average performance for this company, versus the sector index, going forward as an eventual short squeeze will have a disproporinately positive impact on CPG.