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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

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Post by highalpha1on Jun 27, 2021 8:02am
342 Views
Post# 33457244

Once CPG breaks out

Once CPG breaks outCPG appears to be range bound. I suspect, based on trading action over the last two sessions, it is really trying to breakout. Unlike it's recent trading trends, over the last two sessions CPG has dipped into the red only to pull back into the green as the trading day progresses. I have followed this stock closely for at least a year and it does not normally behave in such a manner. I suspect sellers are drying up. With a single significant buyer (or the modest execution of the NCIB), CPG should break out of the range it is in currently. And, when it does, I would hazard a guess that the move up from C$6 to $7 would be quick and violent.
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