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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

Post by highalpha1on Jun 26, 2021 8:38pm
401 Views
Post# 33456788

CPG range bound...for now

CPG range bound...for nowI'll echo some of the sentiments expressed by other posters on this board about CPG's share price. Although we had a nice cumlative pop this past week of over 10%, CPG continues to trade at a substantial discount to its peers.

Like others have suggested, I think that once we break $6, we may quickly go up further from there. There is a relatively high short interest in this company and as some of the shorts begin to cover and others begin to buy in, the price action will move upward quickly.

As I have indicated before, I have a substantial position in CPG. I hope to sell 1/4 of my position in the C$6 handle and hold my remaining position for some time longer.


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